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Indonesia News Portal for Traders | Financial & Business Updates

30 April 2025 13:00  |

Silver prices fall amid positive risk sentiment

Silver prices traded with a negative bias for the third straight day, despite lacking any bearish conviction during the Asian session on Wednesday. Global equity markets continued to rise amid signs of easing US-China trade tensions and US President Donald Trump’s decision to grant tariff flexibility to US automakers. This, along with a modest US Dollar (USD) gain, was seen as key factors undermining demand for silver as a hedge option

As of this writing, silver prices were trading at $32,859

RECOMMENDATION

- Buy if price moves to $33,750

- Sell if price moves to $32,900

 

Resistance Level 2: $33,139

Resistance Level 1: $32,999

 

Support Level 1: $32,719

Support Level 2: $32,579

Note:

This article is only an analysis and not a definitive reference. Pay attention to fundamental and technical developments in trading before making any investment decisions.

Source: Newsmaker.id

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