• Tue, Mar 3, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Indonesia News Portal for Traders | Financial & Business Updates

22 May 2025 01:39  |

Silver Rises after US Credit Rating Downgrade

Silver (XAG/USD) prices rose on Wednesday (5/21). The white metal strengthened as the US Dollar (USD) continued to weaken due to the downgrade of the United States (US) credit rating due to high debt levels and increasing fiscal imbalances.

Technically, a weak US Dollar makes Silver a profitable bet for investors. In addition, concerns over a US credit rating downgrade increase demand for non-yielding assets, such as Silver.

As of this writing, Silver is at $33,370

RECOMMENDATION

- Buy if the price moves to $33,670

- Sell if the price moves to $33,070

 

Resistance Level 2: $34,270

Resistance Level 1: $33,970

 

Support Level 1: $32,770

Support Level 2: $32,470

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

Related News

MARKET ANALISYS

Gold Prices Steady Ahead of US CPI Data

Gold prices rose on Wednesday (15/1) as the US dollar and Treasury yields weakened, while market participants awaited US infl...

15 January 2025 17:15
MARKET ANALISYS

Silver prices fall amid positive risk sentiment

Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian...

30 April 2025 13:00
MARKET ANALISYS

Silver Trades Stagnant as US Dollar Rebounds

Silver (XAG/USD) prices edged lower, the white metal facing pressure as the US Dollar (USD) rallied strongly after President ...

22 January 2025 01:49
MARKET ANALISYS

Akankah Perak Membuat ATH Terbarunya?

Saat berita ini rilis, perak berada di Area $33.842. Perak cenderung naik pada siang ini, hal ini didukung oleh ketidakpast...

29 October 2024 10:46
BIAS23.com NM23 Ai