EUR/USD 1.14753
0.159%
Gold 4155.53
-1.272%
Oil 76.425
1.330%
USD/JPY 161.286
-0.058%
GBP/USD 1.32328
0.217%
GBP/JPY 213.428
0.168%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Iranian Oil Minister Paknejad: Once the agreement is reached, Irans oil industry will become the worlds largest platform for providing investment opportunities, technology and financial cooperation.June 21st - On June 21st, the last day of the Dragon Boat Festival holiday, the national railway is expected to transport 17.94 million passengers, with 1,355 additional passenger trains planned. On June 20th, the national railway transported 12.143 million passengers, with transportation proceeding safely, smoothly, and orderly.June 21 - According to the Associated Press: U.S. Vice President Vance has arrived in Switzerland to lead negotiations between the U.S. and Tehran regarding its nuclear program.June 21 - Market sources indicate that the United States will pressure Iran during negotiations in Switzerland to allow UN inspectors to return to key nuclear facilities, offering the unfreezing of billions of dollars in frozen Iranian assets as a core incentive. This issue is expected to be one of the most crucial topics in the first round of negotiations.June 21 – According to the Financial Times, index provider MSCI assigned SpaceX its lowest environmental, social, and governance (ESG) rating of “CCC” ahead of its record $75 billion IPO this month. According to MSCI, this puts SpaceX “behind the industry due to its high exposure to risk and failure to manage significant ESG risks.” Frédéric Ducoulombier, program director at the EDHEC Business School’s Climate Institute, said: “The company’s poor assessment of controversies, extremely poor governance assessment, and low overall ESG rating should not surprise anyone. For public market investors, this is very close to a governance horror story.”

Silver Price Analysis: XAG/USD flirts with the daily high but upside potential appears restricted

Daniel Rogers

Oct 17, 2022 14:43

 截屏2022-10-17 下午2.38.57.png

 

On the opening day of the new week, silver gains ground and moves away from a two-week low of $18.00, which was reached on Friday. The white metal maintains its bid tone heading into the European session and is currently flirting with the daily high in the zone between $18.50 and $18.45.

 

The XAG/USD appears to have ended a six-day losing run and halted its recent steep rejection decline from the 200-day exponential moving average, or its highest level since late June. The area between $18.90 and $19.00 should serve as a pivot point for intraday traders for any future upward movement.

 

Continued strength beyond may spark a short-covering rally and boost the XAG/USD back to the supply zone between $19.70 and $19.80. In the meantime, oscillators on the daily chart have just begun to move into negative territory. In addition, bearish technical signs on the 4-hour chart call for caution before positioning for additional gains.

 

However, sustained buying above the $20.00 psychological level will neutralize any near-term bearish view and pave the door for a further near-term uptrend. The XAG/USD could next ascend to the $20.50 intermediate resistance level en way to the $21.00 round number and the 200-day EMA, which is now located in the $21.15 area.

 

In contrast, the $18.00 level appears to have arisen as immediate strong support, which, if decisively breached, will be viewed as a new trigger for bearish traders. The subsequent key support is located at the yearly low, in the vicinity of the $17.55 region recorded in September, below which the XAG/USD might test the $17.00 round number.

Suggestion