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Indonesia News Portal for Traders | Financial & Business Updates

2 May 2025 00:51  |

Silver Rebounds On Donald Trump Sentiment

Silver prices fell more than 1% toward $32 an ounce on Thursday (01/05), marking a third straight session of declines, as easing global trade tensions sapped demand for safe-haven assets.

Sentiment shifted after U.S. President Donald Trump hinted at potential trade deals with India, Japan and South Korea, and voiced optimism about a deal with China. At the same time, the outlook for industrial demand for silver came under pressure amid weaker economic data from major economies.

Until this news was released, the price of Silver was at the level of $ 32,182

RECOMMENDATION

- Buy if the price moves to $ 32,482

- Sell if the price moves to $ 31,882

 

Resistance Level 2: $ 33,082

Resistance Level 1: $ 32,782

 

Support Level 1: $ 31,582

Support Level 2: $ 31,282

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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