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Indonesia News Portal for Traders | Financial & Business Updates

2 May 2025 08:30  |

Silver Loses Momentum Again

Silver prices fell in early trading on Friday. Easing trade tensions between the US and its trading partners have reduced demand for safe-haven assets, weighing on the silver metal.

US President Donald Trump announced a potential trade deal with India, South Korea and Japan, seeking to turn his tariff policies into a trade agreement. Furthermore, Chinese state media said late Thursday that the US has contacted China to start trade talks over Trump's 145% tariffs.

As of this writing, Silver is at $32,471

RECOMMENDATION

- Buy if price moves to $32,400

- Sell if price moves to $32,550

 

Resistance Level 2: $32,751

Resistance Level 1: $32,611

 

Support Level 1: $32,331

Support Level 2: $32,191

Note:

This article is only an analysis and is 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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