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Indonesia News Portal for Traders | Financial & Business Updates

24 July 2025 17:48  |

Trade Optimism Pressures Silver Prices

Silver prices (XAG/USD) continued their decline for the second consecutive session, trading around $39.10 per troy ounce during the Asian session on Thursday (July 24th). Silver prices weakened due to weakening demand for safe-haven assets, driven by optimism over further trade deals between the US and its major partners.

As of this writing, silver prices were at $39,402.

Recommendation:

Buy if the price moves below $38,300

Sell if the price moves below $39,500

 

Resistance 2: $39,682

Resistance 1: $39,542

 

Support 1: $39,262

Support 2: $39,122

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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