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

16 July 2025 07:52  |

Silver Rises Slightly, Remains Consistent Despite Dollar's Aggressiveness

Silver posted another positive rally on Wednesday, July 16, 2025, with spot prices rising slightly by 0.3% as the dollar weakened and global demand strengthened.

This surge follows a year-long upward trend, with silver prices rising more than 30% since the beginning of the year—supported by rising industrial use in the solar energy and electronics sectors, as well as growing investor interest as a safe-haven asset.

Recommendation:

Buy if the price breaks above $38,104

Sell if the price breaks below $37,504

 

Resistance 2: $38,704

Resistance 1: $38,404

 

Support 1: $37,204

Support 2: $36,904

 

Note: This article is intended for analytical purposes 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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