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Indonesia News Portal for Traders | Financial & Business Updates

28 March 2025 10:59  |

Silver Down After High

Silver prices edged lower on Friday, after hitting their highest since October 2024, extending weekly gains to more than 2% as rising global trade tensions fueled demand for safe-haven assets.

On Wednesday, President Donald Trump announced a 25% tariff on all imported cars and light trucks, set to take effect April 2, along with reciprocal tariffs on countries that impose levies on U.S. goods—actions he has vowed to continue throughout his second term. The tariffs have raised concerns about collections, adding pressure on economic growth while helping to revive inflation.

RECOMMENDATION

- Buy if price moves to $34,534

- Sell if price moves to $33,934

 

Resistance Level 2: $35,134

Resistance Level 1: $34,834

 

Support Level 1: $33,634

Support Level 2: $33,334

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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