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

22 July 2025 16:15  |

Silver Corrects Again, Why?

The price of silver (XAG/USD) weakened slightly, approaching $38.80 at the start of the European trading session on Tuesday (July 22nd). However, the precious metal remains near its decade-high of around $39.00. The outlook for this precious metal remains bullish due to high demand for safe-haven assets due to ongoing concerns over global trade flows.

As of this writing, the price of silver is at $38,837.

Recommendation:

Buy if the price breaks above $38,750

Sell if the price breaks below $38,900

 

Resistance 2: $39,117

Resistance 1: $38,977

 

Support 1: $38,823

Support 2: $38,683

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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