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On September 20th, the plenary session of the 2026 International Biomedical Industry Innovation Beijing Forum was held in the Beijing Economic-Technological Development Area on September 19th. The forum, themed "Gathering Global Innovation, Exploring the Frontiers of Life," released a number of the citys latest achievements in the pharmaceutical and healthcare industry. At the forum, Beijing announced 12 key projects to be launched in 2026, eight of which are located in the Beijing Economic-Technological Development Area, covering various types including regional headquarters, strategic emerging industry headquarters, and R&D and industrialization bases.September 20th - Parliamentary elections were held in the German states of Berlin and Mecklenburg-Western Pomerania on the 20th. According to German sources, opinion polls indicate that German Chancellor Merz faces "another painful day" following the landslide victory of the far-right Alternative for Germany (AfD) party in Saxony-Anhalt two weeks ago. Merzs Christian Democratic Union (CDU) suffered a crushing defeat in the Saxony-Anhalt state elections on the 6th, with its vote share plummeting to around 17%; the AfD won approximately 44% of the vote, becoming the largest party in the state. In Mecklenburg-Western Pomerania, the CDU may suffer an even greater setback. A poll conducted by German television channel ZDF on the 17th showed that the CDUs support in Mecklenburg-Western Pomerania was only 6%, slightly above the 5% threshold for a party to enter the state parliament. German sources say that if the CDU fails to reach 5% of the vote, it will be a "nightmare" for the CDU and could be the final straw for Merz.On September 20, according to the Ministry of Human Resources and Social Security, the State Council appointed and removed several state personnel. Yu Xiaohui was appointed Vice Minister of Industry and Information Technology; Pan Wenbo was appointed Vice Minister of Agriculture and Rural Affairs; Li Chenggang was appointed Chinas Representative for International Trade Negotiations (at the ministerial level); Ling Ji was appointed Vice Representative for International Trade Negotiations; Cai Dong was appointed Deputy Director of the State Financial Supervision and Administration Bureau; Zhang Yongjun was appointed Deputy Director of the State Internet Information Office; Zhang Xiaotang was appointed Deputy Director of the State Tobacco Monopoly Administration; and Liu Zhen was appointed Deputy Director of the State Administration of Traditional Chinese Medicine. Xu Aosen was removed from his post as Vice Minister of Education; Hu Weilie was removed from his post as Vice Minister of Justice; Niu Yibing was removed from his post as Deputy Director of the State Internet Information Office; and Liao Zhiwei was removed from his post as Director of the Yangtze River Water Resources Commission.Ukrainian President Zelensky: This week alone, Russia has launched more than 2,000 attack drones at us, most of which are jet-powered drones, while also dropping 1,700 aerial bombs and launching 19 missiles of different types.September 20 - According to the Japan Meteorological Agency, a 5.0-magnitude earthquake struck off the coast of Amami Oshima at approximately 4:28 p.m. local time on the 20th. The earthquake had a depth of 60 kilometers and the strongest tremor was felt at an intensity of 3.

Silver Price Analysis: XAG / USD declines from a crucial EMA confluence below $22.00

Alina Haynes

Mar 16, 2023 13:51

As it consolidates the previous day's gains and extends a retracement from a five-week high, the silver price (XAG/USD) retests its intraday low near $21.70 early Thursday. In doing so, the precious metal represents the fourth consecutive day that it has failed to cross the convergence of the principal Exponential Moving Averages (EMAs).

 

In spite of this, the 50-EMA joins the 100-EMA and 200-EMA in highlighting the $21.80-$90 region as a difficult nut to break for Silver buyers.

 

Nonetheless, bullish MACD signals and an upward-sloping trend line from early September 2022 limit the immediate downside of the XAG / USD around $20.00.

 

Prior to that, the previous weekly highs of approximately $21.30 and $20.00 could entice the Silver bears.

 

In the event that the Silver price remains adverse beyond $20.00, a decline to the November 2022 low near $18.80 cannot be ruled out.

 

On the other hand, a daily close above $21.90 appears required for the XAG / USD investors to regain control.

 

Even so, the $22.00 threshold and January's low near $22.75 could present a challenge to Silver purchasers before they gain control.

 

Overall, the Silver price does not enter the buyer's radar until it surpasses $21.90. However, the negative appears to be limited as well.