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Indonesia News Portal for Traders | Financial & Business Updates

12 March 2025 11:42  |

Silver Loses Ground Ahead of CPI Data

Silver price (XAG/USD) loses ground after registering gains in the previous session, trading around $32.80 during the Asian hours on Wednesday. Technical analysis on the daily chart indicates a weakening bullish bias, with the grey metal remaining below an ascending channel pattern.

While investors are gearing up for key US inflation data later in the day to gauge the Federal Reserve's interest rate path amid trade tensions and concerns about an economic slowdown.

Silver prices at the time of this news release were -0.5% or at $32,741/Toz.

RECOMMENDATION

- Buy if the price moves to $32,881

- Sell if the price moves to $32,601

Resistance Level 2: $33,301

Resistance Level 1: $33,021

 

Support Level 1: $32,461

Support Level 2: $32,181

Note:

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

Source: Newsmaker.id

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