Silver Remains Under Pressure, Is It Safe to Buy?
Silver remained weak on Tuesday, October 28, 2025, after falling to the $46-$48 per ounce range. Selling pressure arose because the global market was risk-on: sentiment regarding the US-China trade deal has caused investors to seek less safe-haven assets like silver and instead invest more in stocks and riskier assets. Profit-taking after the previous price surge also hindered silver's rapid rise.
However, fundamentally, silver is not yet completely bearish. Expectations of a Fed rate cut remain supportive, as lower interest rates are generally good for precious metals. Furthermore, silver has industrial demand (renewable energy, electronics), so if the global economy appears stable, physical demand remains strong.
The price of silver at the time of this analysis was released was $46,731.
- Buy if the price moves within $47,031.
- Sell if the price moves within $46,431.
Resistance 2: $47,631.
Resistance 1: $47,331.
Support 1: $46,131.
Support 2: $45,831.
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
