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Indonesia News Portal for Traders | Financial & Business Updates

19 March 2025 18:12  |

Silver Down Ahead of FOMC

Silver (XAG/USD) prices fell after hitting a five-month high of $34.23 on Tuesday (3/19), trading around $33.70 per troy ounce during European trading hours on Wednesday. The decline came as silver investors took a breather ahead of the Federal Reserve’s (Fed) interest rate decision later in the day.

Traders will likely be watching the Fed’s latest economic projections for insight into the future trajectory of US interest rates. Higher interest rates tend to weigh on demand for non-yielding assets such as Silver, limiting its upside potential.

RECOMMENDATIONS

- Buy if price moves to $34,112

- Sell if price moves to $33,512

 

Resistance Level 2: $34,712

Resistance Level 1: $34,412

 

Support Level 1: $33,212

Support Level 2: $32,912

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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