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Indonesia News Portal for Traders | Financial & Business Updates

3 April 2025 08:23  |

Contrast to Gold, Silver Drops

Silver prices fell at the opening of the Asian session after previously closing with gains. Silver, which usually goes hand in hand with gold, this time moved in the opposite direction and even experienced a decline even after Donald Trump issued his reciprocal tariffs on many countries.

Concerns about a global trade war are feared to weaken industrial demand for silver. US economic data showed that their manufacturing sector fell into contraction territory in March.

RECOMMENDATION

- Buy if the price moves to $33,766

- Sell if the price moves to $33,566

 

Resistance Level 2: $34,011

Resistance Level 1: $33,806

 

Support Level 1: $33,526

Support Level 2: $33,321

 

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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