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Indonesia News Portal for Traders | Financial & Business Updates

6 May 2025 18:14  |

Silver Rises on Trump's New Tariff Threats

Silver (XAG/USD) prices continued their gains for the second straight session, trading around $33.10 per troy ounce during Asian trading hours on Tuesday (06/05).

Prices of precious metals, including Silver, rose 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 films produced overseas.

 

RECOMMENDATION

- Buy if price moves to $33,372

- Sell if price moves to $32,772

 

Resistance Level 2: $33,972

Resistance Level 1: $33,672

 

Support Level 1: $32,472

Support Level 2: $32,172

 

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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