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Indonesia News Portal for Traders | Financial & Business Updates

13 May 2025 04:31  |

Silver Struggles to Rise at Negative Levels

Silver is holding up amidst declines in other commodities, Economic dynamics in the US, China and India can also contribute to price changes. For the US and especially China, their large industrial sectors use Silver in various processes. In India, consumer demand for precious metals for jewelry also plays a significant role in determining silver prices

As of this writing, silver is at $32,592

RECOMMENDATION

- Buy if price moves to $32,500

- Sell if price moves to $32,700

 

Resistance Level 2: $32,872

Resistance Level 1: $32,732

 

Support Level 1: $32,452

Support Level 2: $32,312

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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