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Indonesia News Portal for Traders | Financial & Business Updates

29 August 2025 16:46  |

Silver Prices Weaken Ahead of US Data

Silver prices are currently declining on Friday (August 29th), as investors show caution ahead of the release of important inflation data from the United States. Pressure on silver also comes from the strengthening US dollar, which is pressuring commodities denominated in that currency. Furthermore, the Fed's interest rate policy is widely expected to limit the price movement of this precious metal in the short term.

Nevertheless, expectations of an imminent Federal Reserve interest rate cut remain a key support factor for silver as a safe haven asset and hedge against inflation. Investors are still closely watching the upcoming release of Personal Consumption Expenditures (PCE) data, as the results could determine the direction of monetary policy and influence broader market sentiment.

Silver prices at the time of writing were down -0.53% to $38.834/oz.

- Buy if the price moves to $38,974

- Sell if the price moves to $38,694

 

Resistance 2: $39,414

Resistance 1: $39,114

 

Support 1: $38,554

Support 2: $38,254

 

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. (alg)

Source: Newsmaker.id

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