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Indonesia News Portal for Traders | Financial & Business Updates

24 September 2025 15:40  |

Silver Rally Continues Driven by Dovish Fed Expectations

Global silver prices strengthened again in today's trading. The combination of expectations for dovish Federal Reserve (Fed) policy, a weakening US dollar, and rising investment and industrial demand fueled the silver rally, reaching its highest level in over a decade.

Fundamentally, the market assessed that Fed Chairman Jerome Powell's speech signaled that interest rate cuts would continue, albeit at a gradual pace. This dovish tone led market participants to expect global liquidity to remain loose. As a result, the US dollar weakened, making silver relatively cheaper for buyers using other currencies.

The price of silver at the time of this analysis was released was at $44,089.

- Buy if the price moves within the $44,189 range.

- Sell if the price moves within the $43,989 range.

 

Resistance 2: $44,649

Resistance 1: $44,264

 

Support 1: $43,914

Support 2: $43,709

 

Disclaimer:

This article is analytical in nature and is not a definitive reference. Consider fundamental and technical developments in trading before making any investment decisions.

 

Source: Newsmaker.id

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