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

Indonesia News Portal for Traders | Financial & Business Updates

16 June 2025 11:21  |

Silver Weakens as Investors Take Profits

Silver prices fell on Monday (6/16) as investors locked in profits following a sharp rally that pushed the metal to a 13-year high. Despite the decline, silver remains supported by resilient industrial demand.

Persistent supply shortages, and its appeal as a safe haven amid ongoing economic uncertainty. Fundamentally, the metal’s critical role in solar energy, electronics, and broader electrification efforts accounts for more than half of global demand.

RECOMMENDATION

- Buy if price breaks above $36,512

- Sell if price breaks above $35,912

 

Resistance 2: $37,112

Resistance 1: $36,812

 

Support 1: $35,612

Support 2: $35,312

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