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

14 July 2025 07:39  |

Silver Slightly Higher in Asian Markets

Silver rose 0.2% in early Asian trading on Monday, driven by demand for safe-haven assets as traders weighed the threat of new tariffs from President Donald Trump after he announced 30% tariffs on the European Union and Mexico, effective next month.

Trade tensions, such as the massive US tariffs on copper, exacerbated concerns about metal supply, prompting investors to turn to safe-haven assets.

Recommendation:

Buy if the price breaks above $38,789

Sell if the price breaks below $38,189

 

Resistance 2: $39,389

Resistance 1: $39,089

 

Support 1: $37,889

Support 2: $37,589

 

Note: This article is intended for analysis and is not intended as a definitive reference. Always pay attention to fundamental and technical developments before making investment decisions.

 

Source: Newsmaker.id

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