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On September 15th, Judge Thaler of the U.S. District Court for the Northern District of Boston ruled on September 14th to block the U.S. federal government from implementing a new rule that would limit the length of time foreign students and journalists can stay in the United States without applying for an extension. This new rule was originally scheduled to take effect today (September 15th). Thaler pointed out that the Department of Homeland Securitys rationale for issuing this policy was "extremely weak." The agency had previously cited national security needs and the need to prevent fraud in the visa program as justification. However, Thaler noted that the Department of Homeland Security failed to fulfill its legal obligations in formulating the policy—neither responding to concerns that the policy change might raise nor considering other less burdensome alternatives.The yield on Japans 30-year government bonds rose 3.0 basis points to 4.095%.As of 8:30 on September 15, 2026, international spot palladium and international spot platinum were among the most volatile commodities. A chart reviews the overnight price changes in the international market and their corresponding theoretical mappings in the domestic market.On September 15th, Futures News reported that, according to foreign media, the U.S. Senate Agriculture, Nutrition, and Forestry Committee stated on Monday that Committee Chairman John Boozman plans to convene members on Wednesday to reconsider the proposed "Farm Bill 2.0" and submit it to the full Senate for consideration. The 2018 Farm Bills previous extension expires on September 30th. The proposal stalled in August due to disagreements over the cost-sharing provisions of the Supplemental Nutrition Assistance Program (SNAP) for states, leading Boozman to announce an indefinite recess. The proposal includes a provision allowing the year-round sale of blended fuels containing up to 15% ethanol (E15) and directs the EPA to amend its rules to accommodate blended fuels. Simultaneously, the proposal links the E15 provision to a controversial amendment concerning the Renewable Fuel Standard (RFS) and the treatment of Small Refinery Compliance Exemptions (SREs). According to the proposal under discussion, starting in 2028, the EPA will reduce regulatory quotas for eligible small refineries and reallocate estimated exemption quotas when establishing compliance obligations. The American Petroleum Institute urged the Senate to reject the SRE amendment. If the committee moves forward with the bill on Wednesday, senators will ultimately have to negotiate with the version passed by the House in April.WTI crude oil fell sharply to around $98 per barrel last night. A chart provides a quick overview of the pre-market conversion of domestic and international crude oil prices.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

 截屏2022-07-29 上午11.05.40.png

 

Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.