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Indonesia News Portal for Traders | Financial & Business Updates

4 November 2025 09:55  |

Silver Approaches New Breakout Point - Why?

Silver prices edged higher today after previously surging to their highest level in over a decade, driven by two main factors: strong industrial demand (particularly from the solar and electronics sectors) and a years-long supply deficit. Meanwhile, while real interest rates and a strong US dollar are putting pressure on precious metals because they don't yield interest, silver remains supported by its position as a strategic industrial metal—not just a safe haven asset. 

The price of silver at the time of this analysis was released was $47,629

 

- Buy if the price moves within the $47,929 range

- Sell if the price moves within the $47,329 range

 

Resistance 2: $48,529

Resistance 1: $48,229

 

Support 1: $47,029

Support 2: $46,729

 

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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