EUR/USD 1.15621
0.337%
Gold 4333.84
2.202%
Oil 77.376
0.006%
USD/JPY 157.429
-0.639%
GBP/USD 1.34980
0.332%
GBP/JPY 212.478
-0.326%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Perus Minister of Economy has ruled out the possibility of privatizing the state-owned oil company, Petrovis, following recent changes to its board of directors.Iranian Foreign Ministry Spokesperson: Trump stated that the US will take the same approach towards Iran as it did towards Venezuela. However, there is a small problem here: before claiming "war spoils," one must first win the war, not get bogged down in a stalemate, fail to achieve its claimed (malicious) objectives, see its weapons stockpile dwindle, and lose credibility in the process.Market news: Apple (AAPL.O), Amazon (AMZN.O), and Nike (NKE.N) are facing questioning from Democratic Senator Warren regarding tariff refunds from the Trump administration. In a letter, Warren urged the companies to refund tariffs to consumers.On August 8th, Iranian Deputy Foreign Minister Gharibabadi issued a statement on August 7th, stating that security in the Persian Gulf region should be maintained jointly by the countries in the region, and that Iran advocates resolving regional security issues without external interference. Gharibabadi pointed out that Iran has submitted and documented evidence to the UN Security Council regarding attacks on Iranian territory from other countries, including a few direct attacks. He also stated that, based on current information, regional countries are keenly aware that escalating conflict and continued military action will seriously threaten their security. The conditions are now ripe for resuming security dialogue among the Persian Gulf countries.Petrobras CEO: Oil production is very likely to exceed current expectations.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

 截屏2022-07-22 下午2.38.00.png

 

Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

The risk of loss in trading Derivatives is substantial, therefore you should only risk money you can afford to lose. Please make sure you fully understand the risks associated with trading Derivatives, and seek independent advice if required. Our Product Disclosure Statement (PDS) is available here on our site or upon request from our offices and should be reviewed prior to any transaction. Raw Spread accounts start with 0 pip spreads and a fee of $3.50 every 100,000 USD transacted. No extra fees or commissions are associated with the standard account's spreads starting at 1 pips. Indicator CFD spreads begin at 0.4 points. No part of this site may be accessed by users located in any nation or other jurisdiction where doing so would be a violation of local law or regulation.

 

It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


Suggestion