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Indonesia News Portal for Traders | Financial & Business Updates

4 March 2025 17:51  |

Silver Rises After Tariffs Implementation

Silver rose above $31 an ounce on Tuesday (04/03) after US President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect on Tuesday, along with an additional 10% duty on Chinese shipments, bringing the cumulative tariffs for China to 20%.

In response, reports suggested that Beijing was preparing to impose retaliatory measures on US imports. Meanwhile, ongoing supply and demand uncertainties continue to weigh on sentiment.

RECOMMENDATIONS

- Buy if price moves to $32,091

- Sell if price moves to $31,491

 

Resistance Level 2: $32,691

Resistance Level 1: $32,391

 

Support Level 1: $31,191

Support Level 2: $30,891

Note:

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

Source: Newsmaker.id

 

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