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Indonesia News Portal for Traders | Financial & Business Updates

5 March 2025 18:01  |

Silver Continues To Gain Strength Amid Weaker Dollar

Silver rose on Wednesday (05/03), boosted by a weaker dollar and safe-haven buying amid concerns over a shift in U.S. trade policy.

Last week, U.S. President Donald Trump announced that tariffs on Canadian and Mexican imports would go into effect Tuesday, along with an additional 10% duty on shipments from China, bringing the cumulative tariffs for China to 20%. In response, reports suggested that Beijing was preparing to impose retaliatory measures on U.S. imports.

RECOMMENDATIONS

- Buy if price moves to $32,581

- Sell if price moves to $31,981

 

Resistance Level 2: $33,181

Resistance Level 1: $32,881

 

Support Level 1: $31,681

Support Level 2: $31,381

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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