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Indonesia News Portal for Traders | Financial & Business Updates

15 May 2025 16:29  |

Silver Recovers In Europe

Silver (XAG/USD) prices extended their decline for the second straight session, trading around $31.90 per troy ounce during Asian hours on Thursday (5/15).

Technical analysis of the daily chart suggests a weakening bullish outlook, as the precious metal has fallen below an ascending channel pattern.

The decline follows productive US-China trade talks over the weekend in Switzerland, where both sides agreed to temporarily lower tariffs to 30% and 10%, respectively, for a period of 90 days—a significant step towards de-escalation.

RECOMMENDATION

- Buy if price moves to $ 32,359

- Sell if price moves to $ 31,759

 

Resistance Level 2: $ 32,959

Resistance Level 1: $ 32,659

 

Support Level 1: $ 31,459

Support Level 2: $ 31,159

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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