EUR/USD 1.15418
0.148%
Gold 4338.34
0.455%
Oil 89.856
1.476%
USD/JPY 160.143
-0.021%
GBP/USD 1.33437
0.049%
GBP/JPY 213.696
0.028%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The U.S. Centers for Disease Control and Prevention Foundation has launched an emergency response fund to support Ebola outbreak response efforts in the Democratic Republic of Congo and Uganda.Ukraines First Deputy Prime Minister and Minister of Energy: Today, Ukraine received €2.8 billion in funding under the "Ukraine Fund." We highly appreciate the EUs decision to allocate €920 million for Ukraines winter preparations and look forward to its swift implementation.On June 9th, on the eve of the 2026 International Day for Dialogue of Civilizations, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, delivered a video address to the global event. Wang Yi stated that China advocates promoting dialogue among civilizations in four aspects: First, upholding mutual respect and promoting harmonious coexistence among different civilizations. We must adhere to the concepts of equality, mutual learning, dialogue, and inclusiveness, transcending narrow notions of "civilizational superiority" and "clash of civilizations," and promoting the joint construction of a world garden of diverse and beautiful civilizations. Second, upholding a people-centered approach and strengthening the foundation for exchanges among civilizations. We should promote mutual understanding and affinity among the people of all countries, ensuring that the fruits of exchanges and mutual learning directly benefit the people. China is willing to strengthen dialogue among civilizations with all countries, jointly address the challenges of our time, and work together to broaden the path to global modernization. Third, upholding inheritance and innovation to enhance the driving force for civilizational progress. China will assist in the creative transformation and innovative development of outstanding traditional cultures in various countries. We should fully leverage technological dividends to empower exchanges, mutual learning, inheritance, and innovation among civilizations. Fourth, upholding exchanges and mutual learning to improve the mechanisms for dialogue among civilizations. China supports further utilizing platforms such as the United Nations Alliance of Civilizations to play an important role in dialogue among civilizations.According to Interfax news agency, Russia has decided to use all of Russian Hydros profits from 2023 to 2029 for investment plans.June 9 – U.S. Central Command: On June 8, U.S. forces rendered the empty Palau-flagged oil tanker Marivex incapable of navigation in the Gulf of Oman after it attempted to sail to an Iranian port, violating the ongoing blockade against Iran. Since the blockade began on April 13, U.S. Central Command forces have rendered seven uncooperative vessels incapable of navigation, directed 134 obedient vessels to change course, and released 42 ships carrying humanitarian aid.

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