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Indonesia News Portal for Traders | Financial & Business Updates

24 October 2025 10:06  |

Silver Snagged on Correction

Silver fell on Friday, October 24, 2025. Spot prices moved in the range of $48-49 per troy ounce, slightly weakening from the previous day after significant volatility earlier this week—even falling sharply after hitting a new record above $54.

The pressure came from profit-taking and caution ahead of tonight's US inflation release, prompting buyers to wait. Several media outlets also noted that silver prices rebounded, but volatility remained high after the sharp mid-week correction.

 

The price of silver at the time of this analysis was released was $48,561.

- Buy if the price moves within $48,861.

- Sell if the price moves within $48,261.

 

Resistance 2: $49,461.

Resistance 1: $49,161.

 

Support 1: $47,961.

Support 2: $47,661.

 

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

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