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Indonesia News Portal for Traders | Financial & Business Updates

23 May 2025 01:42  |

Silver Down on Positive US Data

Silver (XAG/USD) reversed sharply on Thursday (5/22). The decline in the white metal occurred ahead of the release of the US Purchasing Managers' Index (PMI), which showed that the decline was mainly technical in nature and was driven by the initial stabilization of the US Dollar and profit-taking after a sharp rise on Wednesday.

As of this writing, Silver is at $33,081

RECOMMENDATION

- Buy if the price moves to $33,381

- Sell if the price moves to $33,781

 

Resistance Level 2: $33,981

Resistance Level 1: $33,681

 

Support Level 1: $33,481

Support Level 2: $33,181

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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