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Indonesia News Portal for Traders | Financial & Business Updates

8 April 2025 00:22  |

Silver Rises Near $30

Silver (XAG/USD) prices approached $30.30 during North American trading hours on Monday (07/04). The white metal bounced back strongly after the bloodshed on Thursday and Friday as traders became increasingly confident that the Federal Reserve (Fed) could cut interest rates at its June meeting.

However, industrial demand for Silver has changed as Trump’s tariffs have stemmed concerns over the global economic outlook, especially in China, which has been hit with 54% tariffs.

RECOMMENDATION

- Buy if price moves to $30,074

- Sell if price moves to $29,474

 

Resistance Level 2: $30,674

Resistance Level 1: $30,374

 

Support Level 1: $29,174

Support Level 2: $28,874

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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