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Real-time News
On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Silver Prices Continue to Fall as the Dollar and Government Bond Yields Strengthen

Daniel Rogers

Apr 29, 2022 10:03

Silver prices fell as a result of the impending rate hike and a strong dollar. Dollar reached two-decade highs. Treasury yields increased as unexpected economic data indicated a slowing economy. The yield on the 10-year Treasury note increased 4 basis points to 2.85 percent.

 

Gold prices fell to two-month lows as the dollar strengthened, but recovered marginally later in the trading session. Oil prices stabilized Thursday morning following tumultuous trading, as investors absorbed the tightening of Russian oil supplies and the possibility of Chinese demand decreasing. A higher currency erodes the value of oil.

 

US Gross Domestic Product (GDP) unexpectedly dropped by 1.4 percent in Q1. Analysts anticipated a 1% increase in GDP. GDP is a three-month period measure of the output of goods and services in the United States. While consumer spending climbed by 2.7%, prices increased by 7.8%.

 

Increases in prices offset the increase in spending. The GDP data reflects the uncertain economic outlook created by the Fed's rate rise cycle. While the figures do not indicate a recession, they do indicate weaker economic growth in the future.

Technical Evaluation

Silver prices have continued to fall below the 23.00 mark, reaching a two-month low of 23.20 in today's trading session. The prospect of a Federal Reserve rate hike has boosted rates and the dollar. Silver is now under downward pressure as a result of this predicament. The commodity may test February 2022 lows near the $22 level in early February.

 

Near the November 2021 lows near $23.00, there is support. Resistance is indicated near the 200-day moving average's old support level of 23.83. The short-term momentum is going positive, maybe due to a crossover buy signal from the fast stochastic.

 

The medium-term momentum has shifted to the downside, as evidenced by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative, indicating a downward trend in price movement.

 

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