Silver Maintains Fundamentals, Holds Above $46.90
Silver strengthened above $46.90 per troy ounce in European trading today, Monday (September 29, 2025). This movement reflects positive sentiment from investors who are maintaining exposure to the precious metal, amid a combination of fundamental factors such as high industrial demand, a supply deficit, and pressure on the US dollar.
Another factor supporting prices is the weakening US dollar. The declining greenback makes silver cheaper for global buyers, particularly from European and Asian countries. Furthermore, expectations that the Fed will begin cutting interest rates in the coming months have strengthened the appeal of precious metals, including silver, as a hedge amid macroeconomic uncertainty.
The price of silver at the time of this analysis was $46,925
- Buy if the price moves within the $47,025 range
- Sell if the price moves within the $46,825 range
Resistance 2: $47,705
Resistance 1: $47,285
Support 1: $46,635
Support 2: $46,320
Disclaimer:
This article is analytical in nature and is not a definitive reference. Please consider fundamental and technical developments in trading before making any investment decisions.
Source: Newsmaker.id
