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Indonesia News Portal for Traders | Financial & Business Updates

20 March 2025 18:15  |

Silver Down After Facing Fed Decision Pressure

Silver (XAG/USD) prices fell during the European session on Thursday (3/20). The non-interest-bearing metal faced pressure after the Federal Reserve (Fed) interest rate decision.

As widely expected, the Fed kept the federal funds rate at 4.25%–4.5% during its March meeting but reiterated its outlook for two rate cuts later this year.

RECOMMENDATION

- Buy if price moves to $33,533

- Sell if price moves to $32,933

 

Resistance Level 2: $34,133

Resistance Level 1: $33,833

 

Support Level 1: $32,633

Support Level 2: $32,333

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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