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Indonesia News Portal for Traders | Financial & Business Updates

31 July 2025 12:48  |

Silver Moves Positively Positif As Weaker Dollar

The Silver price (XAG/USD) trades in positive territory around $37.20 during the Asian trading hours on Thursday, bolstered by a weaker US Dollar (USD). Investors brace for further development surrounding US President Donald Trump’s tariff policy on major trade partners.

Trump late Wednesday announced a new trade deal with South Korea, stating that the United States (US) would charge a 15% tariff on imports from South Korea. The agreement includes a $350 billion commitment from South Korea toward US-owned and controlled investments.

Also, Investors continue to assess the 25% duties on imports from India, along with an unspecified “penalty.” Any signs of tariff uncertainty or renewed trade tensions could boost demand for safe-haven assets such as Silver.

The price of silver at the time of writing was up 0.34%, standing at $37,202/Toz.

- Buy if the price moves to around $37,413

- Sell if the price moves to around $37,062

Resistance Level 2: $37,639

Resistance Level 1: $37,553

 

Support Level 1: $36,993

Support Level 2: $36,869

DISCLAIMER

Note: This article is only an analysis and is not a definitive reference. Please consider fundamental and technical aspects of trading before making any investment decisions.

Source: Newsmaker.id(yds)

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