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Indonesia News Portal for Traders | Financial & Business Updates

28 February 2025 11:20  |

Silver Still Under Pressure as Market Players Await PCE Data Release

Silver maintained support and showed a modest recovery from a four-week low reached during the Asian session on Friday. The white metal is currently trading around the $31.35 region, up over 0.30% for the day, although there was no follow-through buying as traders eagerly await the release of the US Personal Consumption Expenditures (PCE) Price Index.

As of this writing, silver is trading at $31,197

RECOMMENDATION

- Buy if price moves to $31,100

- Sell if price moves to $31,300

 

Resistance Level 2: $31,497

Resistance Level 1: $31,347

 

Support Level 1: $31,047

Support Level 2: $30,897

Note:

This article is only an analysis and not a definitive reference. Consider the fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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