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Indonesia News Portal for Traders | Financial & Business Updates

27 August 2025 16:11  |

Silver Pressured by US Dollar Recoveries

Silver prices weakened on Wednesday (August 27th), as the US dollar strengthened slightly after being pressured by concerns about the independence of the Federal Reserve. President Donald Trump's attempt to dismiss Fed Chair Lisa Cook triggered an influx of funds into safe-haven assets, including precious metals. However, the recovery of the dollar index above 98 again put pressure on silver and other precious metals.

Silver prices at the time of writing were down -0.62% at $38.356/Toz.

- Buy if the price moves to $38.496

- Sell if the price moves to $38.216

 

Resistance 2: $38.936

Resistance 1: $38.636

 

Support 1: $38.076

Support 2: $37.776

 

DISCLAIMER

Note: This article is for analytical purposes 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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