EUR/USD 1.13955
0.079%
Gold 4050.53
-0.516%
Oil 69.902
0.744%
USD/JPY 161.836
0.053%
GBP/USD 1.32102
0.092%
GBP/JPY 213.793
0.146%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On June 29, Afghan government deputy spokesman Filat Latham posted on social media that Pakistani airstrikes in Afghanistan had killed at least 36 civilians and injured 163. Latham stated that the deadliest attacks occurred in Paktia province, resulting in 30 deaths, 158 injuries, and the complete destruction of three homes.Solidion Technology, a battery technology company, stated that its initial SpaceX (SPCX.O) allocation will only represent a small portion of the companys existing cash reserves.Battery technology company Solidion Technology: Will purchase SpaceX (SPCX.O) shares as a strategic reserve asset.Jingwei Tiandi (02477.HK) announced that it has recently officially launched its artificial intelligence and computing power service platform, "NovaxAI." This marks the formal implementation of the Groups AI strategy upgrade plan. NovaxAI is an infrastructure service platform for enterprise-level AI applications, focusing on cloud GPU computing resource leasing and scheduling services, computing optimization services, model gateways, and AI intelligent operation and maintenance. By integrating global computing resources, unified access, and AI-driven operation and maintenance capabilities, it helps enterprises and developers train models, deploy inference tasks, schedule cross-regional computing resources, and achieve reliable and scalable operation of applications.Bank of England mortgage lending in May was £2.889 billion, below the expected £4.55 billion and the previous figure revised from £4.368 billion to £4.439 billion.

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.


Suggestion