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Indonesia News Portal for Traders | Financial & Business Updates

1 May 2025 12:21  |

Silver drops to new lows

Silver remains under heavy selling pressure for the third straight day on Thursday.

Silver (XAG/USD) is trading lower for the third straight day, marking the fourth day of negative movement in the previous five, and dropped to a more than two-week low during the Asian session on Thursday. However, the white metal is showing some resilience at the bottom even though the technical setup supports prospects for an extension of the one-week-old downtrend.

As of this writing, Silver is trading at $31,993

RECOMMENDATION

- Buy if price moves to $31,900

- Sell if price moves to $32,050

 

Resistance Level 2: $32,273

Resistance Level 1: $32,133

 

Support Level 1: $31,853

Support Level 2: $31,713

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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