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Indonesia News Portal for Traders | Financial & Business Updates

12 August 2025 09:48  |

Silver's Bullish Outlook Remains Open Amid US Dollar Pressure

Silver prices rose slightly on Tuesday morning (August 12th) to around US$37.80 per ounce, up around 0.4% compared to the previous close. This increase occurred after a correction of more than 1.9% yesterday due to the strengthening US dollar and market uncertainty regarding precious metals tariff policies.

Despite short-term pressures, the long-term outlook for silver is considered positive. HSBC even raised its projection for the average silver price in 2025 to US$35.14 per ounce, driven by rising gold prices, demand for safe-haven assets, and an estimated global supply deficit of 206 million ounces.

At the time of writing, silver was up 0.5% to $37,781/Toz.

 

- Buy if the price moves to $37,881

- Sell if the price moves to $37,681

 

Resistance Level 2: $38,161

Resistance Level 1: $37,956

 

Support Level 1: $37,606

Support Level 2: $37,401

 

DISCLAIMER

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

Source: Newsmaker.id

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