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

Indonesia News Portal for Traders | Financial & Business Updates

29 May 2025 01:51  |

Silver Down on Stronger Dollar

Silver prices fell on Wednesday (5/28), The precious metal remained pressured by a stronger U.S. dollar, which gained on improving economic sentiment and cautious comments from the Federal Reserve.

Minneapolis Fed President Neel Kashkari said on Tuesday that interest rates should remain on hold until there is greater clarity on the inflationary impact of high rates, reinforcing expectations of a prolonged pause in policy and supporting the dollar.

Silver is currently trading at $32.997/ Toz.

RECOMMENDATIONS

- Buy if price moves to $33.297

- Sell if price moves to $32.697

 

Resistance Level 2: $33.897

Resistance Level 1: $33.597

 

Support Level 1: $32.397

Support Level 2: $32.097

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 Pressured as Dollar Strengthens

Silver prices on Tuesday (5/27), pressured by a stronger U.S. dollar and easing demand for safe-haven assets. The dollar rebo...

28 May 2025 01:47
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
BIAS23.com NM23 Ai