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Indonesia News Portal for Traders | Financial & Business Updates

21 May 2025 01:40  |

Silver Rises Near $33, Amid Weakening Dollar

Silver prices rose on Tuesday (5/20), as the metal regained traction after two consecutive days of losses.

While seemingly range-bound, the rebound was supported by a weaker US Dollar (USD) and steady investor demand for the industrial metal, even as easing geopolitical tensions boosted broader investor confidence.

As of press time, Silver was trading at $32,988

RECOMMENDATION

- Buy if price moves to $33,288

- Sell if price moves to $32,688

 

Resistance Level 2: $33,888

Resistance Level 1: $33,588

 

Support Level 1: $32,388

Support Level 2: $32,088

This article is only an analysis and not a definitive reference. Please pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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