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