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Indonesia News Portal for Traders | Financial & Business Updates

6 June 2025 17:56  |

Silver Strengthens, Trades Above $36

Silver (XAG/USD) prices remain firm for the second straight session, holding near its highest level since February 2012. The grey metal is trading around $36.16 per troy ounce as it enters the European session on Friday.

Precious metals prices, including silver, surged as demand for safe-haven assets increased amid weak economic data from the United States (US), which fueled expectations of a Federal Reserve (Fed) interest rate cut. Weekly Initial Jobless Claims rose to 247,000 on Thursday, above expectations of 235,000.

 

RECOMMENDATION

- Buy if price moves to $36,274

- Sell if price moves to $36,074

 

Resistance 2: $36,520

Resistance 1: $36,314

 

Support 1: $36,034

Support 2: $35,835

 

Note: This article is for analytical purposes only and is 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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