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On August 25th, WuXi Biologics (02269.HK) announced that its revenue for the first half of 2026 was RMB 11.787 billion, an increase of 18.4% year-on-year; net profit was RMB 2.916 billion, an increase of 5.8% year-on-year; and net profit attributable to owners of the company was RMB 2.44 billion, an increase of 4.3% year-on-year. During the period, 169 new integrated projects were added, bringing the total number of integrated projects to 1064. The Board of Directors decided not to pay an interim dividend.On August 25th, it was reported that Indian AI infrastructure company AM Intelligence has ordered 9,000 NVIDIA (NVDA.O) Vera Rubin systems, hoping to become one of the first companies in Asia to adopt this advanced computing platform. AM Intelligence, headquartered in Hyderabad, India, stated in a statement on Tuesday that servers equipped with these rack-mounted systems are planned to be operational in southern India next year. The company stated that its clients include large cloud service providers, AI labs, and institutions looking to develop indigenous Indian AI models.According to Israeli media: Israeli Defense Minister Katz also visited Syria this morning.Russian Foreign Minister Sergey Lavrov: The world needs diplomacy more than ever before.On August 25, the U.S. State Department prepared to return diplomats to embassies in the Middle East that were evacuated before and during the war with Iran, indicating that the Trump administration does not expect a renewed full-scale hostilities. According to an internal State Department document obtained by The New York Times, U.S. diplomatic missions in the Middle East may begin returning diplomats as early as this week, gradually reducing previously implemented emergency measures. Three U.S. officials also confirmed the adjustments. The document shows that embassies planned to be reinstated with higher staffing levels include those in Israel, Lebanon, Saudi Arabia, Qatar, Jordan, Oman, Iraq, and Kuwait. Current and former State Department officials said the redeployment of diplomats signifies a de-escalation of tensions, although negotiations between the U.S. and Iran regarding extending the 60-day ceasefire agreement that expired last week have stalled. Dan Shapiro, who served as U.S. ambassador to Israel under the Obama administration and as Defense Department official in charge of Middle East affairs under the Biden administration, said, "Reinstating some of the withdrawn diplomatic missions indicates that the administration believes the war is nearing its end."

Despite recent retreat to $25.00, XAG/USD investors are in the driver's position, according to Silver Price Analysis

Daniel Rogers

Apr 06, 2023 11:45

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Following a volatile Wednesday that initially reaffirmed a one-year high before registering a daily loss, the silver price (XAG / USD) oscillates around $25.00 in the early hours of Thursday.

 

In doing so, the precious metal justifies the overbought RSI (14) while falling below a resistance line with an upward slope from April 2022.

 

Wednesday evening's quotation, however, signaled a corrective rise. The inability of the XAG/USD to overcome a three-month-old key support and previous resistance around $24.55-65 may be related. Moreover, the optimistic MACD signals support the rebound.

 

Therefore, unless it falls below $24.55, the price of silver is likely to remain stable.

 

Even if the price breaches the stated resistance-turned-support, a rising support line from mid-March near $24.05 can act as an additional filter to the south.

 

In the meantime, it may be difficult for recovery movements to surpass the multi-day-old resistance line near $25.30 as of press time.

 

In the event that the Silver price disregards the overbought RSI and breaches the aforementioned resistance level of around $25.30, the April 2022 high of around $26.25 may function as a stop during the probable run-up to the previous annual peak of $26.95.

 

Overall, the Silver price remains bullish despite the most recent decline. However, the metal's northward journey is likely to continue to be lengthy and turbulent.