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Indonesia News Portal for Traders | Financial & Business Updates

10 April 2025 01:51  |

Silver Rises as US Dollar Weakens

Silver (XAG/USD) prices rose nearly 2% on Wednesday (4/9). The white metal strengthened as the US dollar (USD) fell amid concerns that the escalating trade war between Washington and Beijing could tip the US economy into recession.

Financial market participants are concerned that President Donald Trump’s imposition of a 104% tariff on Chinese imports for pouring drugs into the US and his retaliatory tariffs will limit purchases of Chinese goods by US companies.

RECOMMENDATION

- Buy if price moves to $30,981

- Sell if price moves to $30,381

 

Resistance Level 2: $31,581

Resistance Level 1: $31,281

 

Support Level 1: $30,081

Support Level 2: $29,781

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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