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Indonesia News Portal for Traders | Financial & Business Updates

20 May 2025 01:40  |

Silver Edges Higher as Dollar Weakens

Silver (XAG/USD) traded slightly higher on Monday (5/19) as broader US dollar weakness fueled demand for alternative safe haven assets.

The move came in response to Moody's downgrade of the US sovereign credit rating, which has added to market concerns over fiscal sustainability and long-term growth prospects.

RECOMMENDATION

- Buy if price moves to $32,642

- Sell if price moves to $32,042

 

Resistance Level 2: $33,242

Resistance Level 1: $32,942

 

Support Level 1: $31,742

Support Level 2: $31,442

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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