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Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

8 July 2025 09:08  |

Silver Holds Place! Strong Signal or Just Waiting for a Hit?

The spot price of silver (XAG/USD) slipped around 0.05% to US$36.72 per troy ounce, continuing the correction from its recent high. Easing tensions over the US tariff deadline have caused investors to slightly move away from safe-haven assets such as silver, resulting in profit taking.

The decline occurred even though silver previously recorded its highest level in the last 13 years at around US$36.90, supported by safe-haven demand and a long-term supply deficit. Analysts said the potential for a rebound would emerge again if the price approaches the support zone, considering that silver's fundamentals are still strong.

Recommendation:

Buy if price breaks above $36,859

Sell if price breaks below $36,659

 

Resistance 2: $37,098

Resistance 1: $36,890

 

Support 1: $36,594

Support 2: $36,332

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

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