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

17 July 2025 08:13  |

Silver Corrects After Sharp Rally, Strong Dollar Undermining

Silver prices fell slightly from their highs due to a strengthening dollar.

Silver declined after previously touching a 14-year high. Global investors began profit-taking, selling their silver holdings to secure profits after a significant price surge throughout the year.

Recommendations:

 

Buy if the price breaks above $38,138

Sell if the price breaks below $37,538

 

Resistance 2: $38,738

Resistance 1: $38,438

 

Support 1: $37,238

Support 2: $36,938

 

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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