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Futures July 1st news, in this cycle, crude oil rose first and then fell, the average price moved up, driving the cumulative change rate of crude oil to extend positively; affected by high temperature and rainfall as well as the college entrance examination, gasoline and diesel demand were mediocre during the month. At the beginning of the cycle, the conflict between Iran and Israel escalated, and the markets concerns about the sharp rise in costs suddenly escalated. The wholesale market prices actively followed the rise, and the impact of supply and demand weakened. Later, as crude oil adjusted back, transactions became weak, and wholesale prices rationally adjusted back. At the end of the month, the decline has not stopped. The previous premium has not been completely waived, which has further narrowed the wholesale and retail prices of gasoline and diesel. After this round of price adjustment, a new round of crude oil cumulative change rate started negatively. With the markets bearish sentiment, gasoline and diesel prices may continue to fall. Due to the differentiation of gasoline and diesel rigid demand trends, the decline in diesel may be deeper.On July 1, Li Auto (LI.O) announced its delivery data for June 2025. As of June 30, 2025, Li Autos cumulative historical delivery volume is 1,337,810 vehicles. In the second half of the year, high-voltage pure electric products will be accelerated. The six-seat pure electric SUV Li Auto i8 will be launched in July. This is the new mobile home we have built for users. The five-seat pure electric SUV Li Auto i6 will be launched in September. By then, we will have a product layout of 4 extended-range electric SUVs + 1 flagship MPV + 2 high-voltage pure electric SUVs.Li Auto (LI.O) delivered 36,279 vehicles in June 2025; total deliveries in the second quarter were 111,074.Ideal Auto (02015.HK): Ordered Ideal L6 in July, with a down payment of 69,800 yuan, daily payment of 99 yuan, and no interest for 5 years.The euro areas core CPI monthly rate in June was initially valued at 0.3%, compared with 0.1% in the previous month.

Silver Price Analysis: XAG / USD hovers around $20.00 ahead of US NFP

Alina Haynes

Mar 10, 2023 11:25

 截屏2022-06-07 下午5.18.01.png

 

Silver price continues to trade sideways on Thursday, in the absence of a catalyst, prior to the release of crucial US economic data. The Mexican Peso (MXN) is depreciating as a result of investors' risk aversion ahead of the US Nonfarm Payrolls report for February. At the time of writing, the XAG / USD exchange rate was $20.05, an increase of 0.19%.

 

XAG / USD remained steady throughout the day, unable to break above or below the $19.98-$20.28 range. However, investors should be aware that Silver fell below the 200-day Exponential Moving Average (EMA) at $21.80, indicating a downward bias for the precious metal. Notably, the 50-day EMA is approaching the 200-day EMA, and once it crosses below the latter, a death cross would exacerbate a decline toward the $18.84 daily low from November 3.

 

But first, XAG / USD must surpass the YTD low of $19.92. A breach of the latter will expose the psychological level of $19.00, followed by the daily low on November 3 at $18.84.

 

In an alternative scenario, the first level of resistance for XAG / USD would be the daily high of $20.06. Once cleared, the next resistance level would be the daily low-turned resistance from February 28 at $20.43, followed by the daily low-turned resistance from November 28 at $20.87.


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