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

Indonesia News Portal for Traders | Financial & Business Updates

9 June 2025 14:31  |

Silver Strong Ahead of Key Meeting

 

Silver prices rose above $36 an ounce on Monday (09/06), hitting their highest level in more than 13 years as safe-haven demand remained strong amid global economic and trade uncertainty. The metal also found support from the recent underperformance of gold, which has prompted investors to turn to alternative precious metals

Investors are cautious ahead of a key meeting between the U.S. and China, with sentiment dampened by disappointing Chinese export data. In May, Chinese exports fell short of expectations, weighed down by a sharp drop in shipments to the U.S., underscoring ongoing trade tensions.

RECOMMENDATION

- Buy if price moves to $36,512

- Sell if price moves to $36,232

 

Resistance 2: $36,812

Resistance 1: $36,512

 

Support 1: $36,232

Support 2: $35,932

 

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

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