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Indonesia News Portal for Traders | Financial & Business Updates

6 May 2025 05:21  |

Silver Prices Steady as Safe-Haven Demand Rises

Silver (XAG/USD) prices halted a four-day decline. The precious metal regained ground as ongoing uncertainty surrounding US-China trade talks fueled safe-haven demand.

China’s Commerce Ministry said on Friday it was considering a proposal from the United States (US) to resume trade talks. This came after US President Donald Trump said negotiations were ongoing, although he clarified that no talks with Chinese President Xi Jinping were scheduled for this week.

Until this news was released, the price of Silver was at the level of $ 32,434

RECOMMENDATION

- Buy if the price moves to $ 32,350

- Sell if the price moves to $ 32,400

 

Resistance Level 2: $ 32,714

Resistance Level 1: $ 32,574

 

Support Level 1: $ 32,294

Support Level 2: $ 32,154

 

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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