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Indonesia News Portal for Traders | Financial & Business Updates

8 April 2025 10:19  |

Silver Rises as Markets Eye US Economic Dynamics

Silver's downtrend has stalled and may be ready to rise due to several technical factors. The economic dynamics of the US, China and India can also contribute to price changes, for the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining prices.

As of this writing, Silver is at $30,081

RECOMMENDATION

- Buy if price moves to $30,000

- Sell if price moves to $30,200

 

Resistance Level 2: $30,321

Resistance Level 1: $30,221

 

Support Level 1: $29,941

Support Level 2: $29,841

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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