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Indonesia News Portal for Traders | Financial & Business Updates

28 May 2025 01:47  |

Silver Pressured as Dollar Strengthens

Silver prices on Tuesday (5/27), pressured by a stronger U.S. dollar and easing demand for safe-haven assets. The dollar rebounded after Japan signaled a potential cut in government debt issuance, boosting global bond markets and supporting the greenback.

In addition, sentiment improved as hopes rose for better U.S.-EU trade relations, reducing investor demand for defensive assets such as silver and gold. Brussels announced plans to accelerate negotiations with Washington to avoid a transatlantic trade war, which boosted risk sentiment further.

Until this news was released, Silver price was at $ 33,229

RECOMMENDATION

- Buy if price moves to $ 33,529

- Sell if price moves to $ 32,929

 

Resistance Level 2: $ 34,129

Resistance Level 1: $ 33,859

 

Support Level 1: $ 32,629

Support Level 2: $ 32,329

 

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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