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Indonesia News Portal for Traders | Financial & Business Updates

28 March 2025 22:11  |

Silver Down After PCE Data Release

Silver (XAG/USD) prices fell after rising more than 2% in the previous session, trading near $34.30 per troy ounce during Asian trading hours on Friday (3/28). Despite the decline, safe-haven demand for Silver remained strong amid rising risk aversion, driven by escalating trade tensions ahead of new US tariffs next week.

US President Donald Trump recently imposed a 25% tariff on foreign-made cars and auto parts, prompting threats of retaliation from the European Union and Canada. This has raised concerns about a wider trade dispute and potential global economic impact. RECOMMENDATION

- Buy if price moves to $34,367

- Sell if price moves to $33,767

 

Resistance Level 2: $34,967

Resistance Level 1: $34,667

 

Support Level 1: $33,467

Support Level 2: $33,167

Note:

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

Source: Newsmaker.id

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