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Indonesia News Portal for Traders | Financial & Business Updates

21 March 2025 18:44  |

Silver Down As Dollar Continues To Gain Strength

Silver prices fell more than 1% on Friday (3/21), hitting a one-week low as the U.S. dollar strengthened. The dollar's strength came after Federal Reserve Chairman Jerome Powell reiterated that the central bank is in no rush to cut interest rates further, although he hinted at two potential rate cuts this year.

RECOMMENDATIONS

- Buy if price moves to $33,428

- Sell if price moves to $32,828

 

Resistance Level 2: $34,028

Resistance Level 1: $33,728

 

Support Level 1: $32,528

Support Level 2: $32,228

Note:

This article is only 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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