Silver Stuck at Key Level, Market Sentiment Still Neutral
Silver prices continue to show fundamental strength, with a unique combination of a global supply deficit and surging industrial demand creating medium to long-term upward pressure. Through the first half of 2025, the silver market is estimated to be short of supply by around 117–149 million ounces, making it one of the most persistent deficits in precious metal commodities.
For today, silver is still stable in the $36 area, most of the price is still influenced by geopolitical sentiment in the Middle East and the price tariff war is also still getting a boost from increasing consumption along with the global energy transition, strengthening physical demand.
Recommendations:
Buy if the price breaks above $36,908
Sell if the price breaks below $36,708
Resistance 2: $37,153
Resistance 1: $36,948
Support 1: $36,668
Support 2: $36,463
Note: This article is intended for analysis and not as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.
Source: Newsmaker.id