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Indonesia News Portal for Traders | Financial & Business Updates

7 May 2025 11:59  |

Silver Down On US-China Trade Optimism

Silver fell on Wednesday (07/05) as optimism US-China trade talks curbed demand for safe haven assets even as military hostilities between India and Pakistan escalated.

US Treasury Secretary Scott Bessent and chief trade negotiator Jamieson Greer will meet with Chinese economic official He Lifeng in Switzerland later this week for discussions.

As of this writing, Silver was trading at $32,984

RECOMMENDATION

- Buy if price moves to $33,284

- Sell if price moves to $32,684

 

Resistance Level 2: $33,884

Resistance Level 1: $33,584

 

Support Level 1: $32,384

Support Level 2: $32,084

 

This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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