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Indonesia News Portal for Traders | Financial & Business Updates

12 May 2025 12:47  |

Silver Resumes Rising Gains

Silver prices extended their gains for a third session on Monday (5/12). The precious metal was supported by news that Canadian miner Pan American Silver will acquire MAG Silver Corp in a deal that values ​​the company at about $2.1 billion, according to Reuters.

Meanwhile, geopolitical tensions continued to provide support for silver. India warned Pakistan of potential retaliation for recent ceasefire violations, a claim denied by the Pakistani military.

RECOMMENDATION

- Buy if price moves to $33,110

- Sell if price moves to $32,510

 

Resistance Level 2: $33,710

Resistance Level 1: $33,410

 

Support Level 1: $32,210

Support Level 2: $31,910

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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