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Indonesia News Portal for Traders | Financial & Business Updates

17 June 2025 10:22  |

Investor Concerns About Silver

Silver prices fell on Tuesday (6/17) As an industrial metal, silver is highly dependent on sectors such as electronics, automotive, and renewable energy. Fears of a recession, tariff increases, and a decline in manufacturing activity from China et al. have suppressed demand, so silver prices are more affected than gold.

After the early 2025 rally, many traders locked in profits (profit-taking). This price correction was also driven by technical conditions: resistance at the US$36-37 level and support around US$33-34

RECOMMENDATION

- Buy if the price breaks above $36,434

- Sell if the price breaks above $36,154

Resistance 2: $36,734

Resistance 1: $36,434

 

Support 1: $36,154

Support 2: $35,854

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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