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Indonesia News Portal for Traders | Financial & Business Updates

7 May 2025 19:44  |

Silver Down as Safe Haven Demand Weakens

Silver (XAG/USD) weakened on Wednesday (07/4), hovering around $33.00 an ounce after two consecutive days of gains.

The decline occurred as safe haven demand weakened following news that U.S. and Chinese officials will meet this week to discuss trade, raising hopes of a de-escalation.

RECOMMENDATION

- Buy if price moves to $33,145

- Sell if price moves to $32,545

 

Resistance Level 2: $33,745

Resistance Level 1: $33,445

 

Support Level 1: $32,245

Support Level 2: $31,945

 

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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