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

23 July 2025 10:58  |

Silver Is on the Same Track as Gold!

Silver is currently at $39,290, supported by a weakening US dollar and global trade concerns, which are driving interest in safe-haven assets. Expectations of a Fed rate cut and industrial demand are also supporting prices.

Technically, silver remains in an uptrend. Strong support is at $39.00, while the nearest resistance is at $39.50. A breakout of this resistance opens the potential for a move to $40.00. The RSI is approaching overbought, signaling a possible short-term consolidation.

Recommendations:

Buy if the price breaks above $39,430

Sell if the price breaks below $39,150

 

Resistance 2: $39,730

Resistance 1: $39,430

 

Support 1: $39,150

Support 2: $38,850

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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