EUR/USD 1.14202
-0.177%
Gold 4011.73
-0.090%
Oil 81.551
0.240%
USD/JPY 162.411
0.019%
GBP/USD 1.34535
-0.032%
GBP/JPY 218.504
-0.013%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Individual Stock News: 1. Elbit Systems (ESLT.US), an Israeli defense technology company, secured multiple contracts worth over $370 million from U.S. Customs and Border Protection (CBP). 2. Baidu (BIDU.O)s Kunlun Core Technologys fourth-generation AI chip, the M100, made its first public appearance at the 2026 World Artificial Intelligence Conference (WAIC 2026). 3. Novo Nordisk (NVO.N)s Wegovy® tablets (semaglutide tablets) received EU approval. 4. AerCap Holdings is in talks to purchase up to 15 Boeing (BA.N) 787 Dreamliners, a deal that may be announced during this weeks Farnborough International Airshow. 5. Certification of Boeing (BA.N) 737 MAX 7 and 10 models is expected to be completed soon. 6. Dominos Pizza (DPZ.O) reported second-quarter revenue of $1.19 billion, exceeding the estimated $1.18 billion. 7. SpaceX (SPCX.O) plans to order approximately 13,000 Nvidia GB300 AI server racks from Foxconn, with the deal potentially reaching $52 billion. 8. According to South Korean tech media ZDNet Korea, Samsung Electronics, SK Hynix, and Micron Technology have all scaled back or abandoned their commercialization plans for the CXL expansion device controller.July 20 (Xinhua) -- An earthquake that struck Kermanshah province in western Iran on Tuesday injured 10 people, with four still hospitalized and six discharged. The report said that no major damage has been reported so far, with only minor damage to some older houses. According to the U.S. Geological Surveys earthquake information network, a 5.2-magnitude earthquake struck Kermanshah province on the morning of Tuesday, local time, at a depth of 10 kilometers.Market news: The EU is considering maintaining the option of new sanctions against Russian liquefied natural gas.On July 20, Iranian Foreign Ministry spokesman Baghae said that Iran would never allow the Strait of Hormuz to be "maliciously exploited" to threaten its security and national interests. At a press conference, Baghae emphasized that on the Strait of Hormuz issue, as a littoral state, Iran has consistently strived to cooperate with another littoral state, Oman, to take necessary measures and establish necessary mechanisms to firmly safeguard its national interests and sovereignty. Regarding the US attack on a nuclear power plant construction site in Darkhotin, southwestern Iran, on July 19, Baghae stated that the International Atomic Energy Agencys silence and indifference will absolutely not increase Irans trust in the agency. He said that the nuclear facilities under construction in Darkhotin had previously been under IAEA supervision, and the US attack must be condemned by the international community.According to Interfax news agency, the Uzbek government has revised its 2026 GDP growth forecast upward to 8.1%.

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