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Indonesia News Portal for Traders | Financial & Business Updates

25 March 2025 17:09  |

Silver Steady on Trade Instability

Silver prices held steady above $33 an ounce on Tuesday, recovering from recent losses as trade uncertainty and broader economic concerns fueled demand for safe-haven assets. Hopes that US President Donald Trump could take a more targeted approach to tariffs before an April 2 deadline provided some relief to markets.

However, his pledge on Monday to impose levies on auto, pharmaceutical and other industries added to the uncertainty. Meanwhile, expectations of further interest rate cuts from the US Federal Reserve also supported silver prices.

RECOMMENDATIONS

- Buy if price moves to $33,552

- Sell if price moves to $32,952

 

Resistance Level 2: $34,152

Resistance Level 1: $33,852

 

Support Level 1: $32,652

Support Level 2: $32,352

Note:

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

Source: Newsmaker.id

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