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Indonesia News Portal for Traders | Financial & Business Updates

14 August 2025 11:16  |

Silver Consolidates Bullishly at $38.5, Market Eyes Rate Cut

Silver prices strengthened slightly on Wednesday Asian time, hovering around $38.5 per troy ounce and approaching a multi-week high. This increase followed a weakening US dollar and falling Treasury yields, a combination that typically supports zero-coupon precious metals. Silver's strengthening also aligns with the rise in gold, which is sensitive to real funding costs.

Market sentiment was driven by expectations of a Fed interest rate cut at its September meeting following moderate July inflation data and signs of labor market weakness.

Silver prices were at $38,559/Toz at the time of writing.

- Buy if the price moves to around $38,709

- Sell if the price moves around $38,409

 

Resistance 2: $39,074

Resistance 1: $38,884

 

Support 1: $38,234

Support 2: $38,044

DISCLAIMER

Note: This article is analytical only and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.

Source : Newsmaker.id

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