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Indonesia News Portal for Traders | Financial & Business Updates

2 April 2025 10:39  |

Silver price drops to $33.8 an ounce

Silver prices fell to $33.8 an ounce, down from a five-month high of $34.58 hit on March 28, as investors braced for President Donald Trump’s announcement of tit-for-tat tariffs set to take effect on Wednesday. Market participants weighed concerns over an escalating global trade war, which could dampen industrial demand for silver, against its appeal as a safe haven amid growing fears of an economic slowdown.

Silver was at $33,822 at the time of writing

RECOMMENDATION

- Buy if price moves to $33,750

- Sell if price moves to $33,900

 

Resistance Level 2: $34,050

Resistance Level 1: $33,922

 

Support Level 1: $33,722

Support Level 2: $33,600

Note:

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

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