EUR/USD 1.17268
0.243%
Gold 4759.54
-0.124%
Oil 90.663
-1.384%
USD/JPY 159.298
0.203%
GBP/USD 1.34677
0.244%
GBP/JPY 214.543
0.466%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Indian government has announced that it will raise the export duty on diesel fuel from 21.5 rupees per liter to 55.5 rupees per liter, and the export duty on aviation kerosene from 29.5 rupees per liter to 42 rupees per liter. The export duty on gasoline will remain at zero.On April 11, local time, US President Trump stated in an interview that he was "not clear" about the progress of negotiations between the US and Iran that day. When asked if the US-Iran negotiations had officially begun, Trump confirmed, saying "yes." Regarding whether Iran was engaging in sincere negotiations, he said, "Ill tell you in a very short time, not too long." When asked if he was optimistic, Trump responded that the US was ready to "restart" if things didnt go well.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.5 occurred at 21:37 on April 11 near Zizhong County, Neijiang City, Sichuan Province (29.66 degrees north latitude, 104.87 degrees east longitude). The final result is subject to the official rapid report.According to Iranian state television: A team of Iranian experts has joined the talks in Islamabad.April 11th - At 19:32 Beijing time on April 11, 2026, the Taiyuan Satellite Launch Center in my country successfully launched a satellite internet technology test satellite into its predetermined orbit using a Jielong-3 carrier rocket from the sea area near Yangjiang, Guangdong. This mission marked the 11th flight of the Jielong-3 carrier rocket.

Silver Price Analysis: Bullish bias imperiled as $23.00 support is probed by XAG/USD bears

Alina Haynes

Mar 28, 2023 15:06

截屏2022-06-06 下午5.54.42.png

 

The silver price (XAG/USD) accepts bids to renew intraday lows near $23.00 as bears prod short-term key support ahead of Tuesday's European session. In doing so, the precious metal penetrates the lower trend channel line from March 16.

 

Notably, the constant RSI (14) line converges with the 100-Hour Moving Average (HMA) to limit the short-term Silver price decline.

 

If the price breaches the $23.00 support and remains comfortably below the 100-HMA support encircling $22.95 then the XAG/USD bears could challenge the buyers' last line of defense at the $22.50 200-HMA level.

 

In the event that the Silver price remains adverse beyond $22.55, the market will focus on a two-week-long horizontal support area near $21.50.

 

In contrast, recovery advances require confirmation from $23.30 in order to challenge the monthly high of $23.52.

 

After that, the upper line of the previously mentioned bullish channel, which is close to $23.85, could limit the precious metal's further gains. It should be noted that the Silver price increase above $23.85 enables investors to challenge the February highs of around $24.65.

 

In conclusion, the price of silver is likely to fall further, even if the path to the south appears lengthy and rocky.

Suggestion