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Indonesia News Portal for Traders | Financial & Business Updates

11 April 2025 19:10  |

Silver Extends Gains as Dollar Slides

Silver rose above $31.20 an ounce on Friday (11/4), marking its third straight session of gains, as broad-based US dollar weakness and renewed economic concerns fueled demand for alternative assets.

The metal also benefited from rising inflows into safe-haven assets, with the dollar losing some of its appeal as a traditional safe haven.

Despite the 90-day tariff suspension, investors remain uneasy about President Trump's trade policies and their potential to tip the US economy into recession.

RECOMMENDATIONS

- Buy if price moves to $31,800

- Sell if price moves to $31,200

 

Resistance Level 2: $32,400

Resistance Level 1: $32,100

 

Support Level 1: $30,900

Support Level 2: $30,600

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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