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Indonesia News Portal for Traders | Financial & Business Updates

6 March 2025 09:35  |

Silver Steady Ahead of Jobless Claims

Silver extended its rally above $32 an ounce in early March, supported by a weaker dollar and rising safe-haven demand amid rising global trade tensions.

The US imposed tariffs on Canadian and Mexican imports on Tuesday, along with an additional 10% duty on Chinese goods, raising the cumulative tariffs on China to 20%.

RECOMMENDATIONS

- Buy if price moves to $32,846

- Sell if price moves to $32,246

 

Resistance Level 2: $33,446

Resistance Level 1: $33,146

 

Support Level 1: $31,946

Support Level 2: $31,646

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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