Silver remains high at $41/oz after US data (benign CPI, rising jobless claims) strengthened the case for a 25 bps Fed rate cut next week—weakening the dollar and supporting the precious metal. The industrial demand environment (particularly PV/electrification) maintains a positive bias.
Technically, the $41 area provides initial support; a break above $42 opens the door to $42.50. Failure to hold could lead to a correction to $40.50–$40.00 before buying interest resurfaces. (ads)
The silver price at the time of writing was $41,431/Toz.
DISCLAIMER
Note: This article is for analytical purposes only 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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