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Indonesia News Portal for Traders | Financial & Business Updates

29 April 2025 12:09  |

Silver Prices Continue to Fall as Metal Demand Weakens

Silver prices (XAG/USD) depreciated after posting gains the previous day, Safe-haven demand for precious metals, including Silver, continued to weaken as trade war concerns eased.

At the same time, Dollar-denominated Silver lost its appeal, with a stronger US Dollar (USD) making it more expensive for buyers using other currencies.

The USD gained support as optimism grew over improvements in US-China trade relations.

Until this news was released, Silver Price was at $ 32,921

RECOMMENDATION

- Buy if the price moves to $ 32,850

- Sell if the price moves to $ 32,950

 

Resistance Level 2: $ 33,201

Resistance Level 1: $ 33,061

 

Support Level 1: $ 32,781

Support Level 2: $ 32,641

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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