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Indonesia News Portal for Traders | Financial & Business Updates

16 April 2025 10:57  |

Silver Moves Higher in Asia

Silver (XAG/USD) prices moved higher after a recent decline, during the Asian session on Wednesday (4/16). The increase occurred as the lingering uncertainty over US trade policy continued to fuel safe-haven demand for the precious metal.

A weaker US Dollar (USD) also supported Silver prices, making dollar-denominated assets more attractive to foreign buyers. Safe-haven flows into Silver strengthened after US President Donald Trump called for an investigation into potential tariffs on all imports of critical minerals. The move signals a more aggressive trade stance and increases the risk of tensions with key suppliers, including China.

Until this News Release, the price of silver is at the level of $ 32,379

RECOMMENDATION

- Buy if the price moves to $ 32,679

- Sell if the price moves to $ 32,079

 

Resistance Level 2: $ 33,279

Resistance Level 1: $ 32,979

 

Support Level 1: $ 31,779

Support Level 2: $ 31,479

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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