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Indonesia News Portal for Traders | Financial & Business Updates

6 May 2025 11:17  |

Silver Rises on Trump’s New Tariff Threats

Silver prices rose more than 1% on Tuesday (06/05), as President Donald Trump’s new tariff threats spurred demand for safe-haven assets. President Trump announced plans to direct the U.S. Trade Representative and the Commerce Department to begin imposing 100% tariffs on foreign-produced films. On Monday, he also stated that he intends to impose pharmaceutical tariffs within the next two weeks.

As of this writing, silver is at $33,045

RECOMMENDATION

- Buy if price moves to $33,345

- Sell if price moves to $32,745

 

Resistance Level 2: $33,945

Resistance Level 1: $33,645

 

Support Level 1: $32,445

Support Level 2: $32,145

 

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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