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Indonesia News Portal for Traders | Financial & Business Updates

22 May 2025 11:59  |

Silver prices hit two-week high

Silver prices strengthened after Investors remained cautious following Moody's downgrade of the US sovereign credit rating and growing concerns about the US deficit due to US President Donald Trump's massive tax bill. In addition, renewed US-China trade tensions, along with geopolitical risks, hit global risk sentiment.

As of this writing, Silver prices are at $33,662

RECOMMENDATION

- Buy if price moves to $33,552

- Sell if price moves to $33,750

 

Resistance Level 2: $33,942

Resistance Level 1: $33,802

 

Support Level 1: $33,552

Support Level 2: $33,382

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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