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Indonesia News Portal for Traders | Financial & Business Updates

31 March 2025 20:40  |

Silver Prices Weaken, Back Down Below $34

Silver prices experienced a fairly sharp decline after previously rising following gold related to the uncertainty of new tariffs from Donald Trump and also strong demand from the industrial side, especially the newest industries such as EV and solar energy

Silver which had touched $34 had to fall again related to profit taking by investors ahead of the opening of the US market. The correction occurred after silver had touched its highest level at 34,459.

 

RECOMMENDATION

- Buy if the price moves to $33,817

- Sell if the price moves to $33,537

 

Resistance Level 2: $34,057

Resistance Level 1: $33,857

 

Support Level 1: $33,497

Support Level 2: $33,292

 

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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