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Indonesia News Portal for Traders | Financial & Business Updates

5 April 2025 00:21  |

Silver Down Amid Industrial Demand Concerns

Silver prices fell to their lowest level in more than eight weeks on Friday (4/4) as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from a series of tariffs by US President Donald Trump.

Silver moved in tandem with industrial metals, which are also under pressure from concerns about global growth and demand due to US tariffs and global trade turmoil.

RECOMMENDATIONS

- Buy if price moves to $29,730

- Sell if price moves to $29,130

 

Resistance Level 2: $30,330

Resistance Level 1: $30,030

 

Support Level 1: $28,830

Support Level 2: $28,530

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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