• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Conflict Updates: 1. Yemeni armed forces intercepted Iranian cargo destined for the Houthi rebels in the Red Sea. 2. UK Maritime Security Information Agency: An oil tanker was attacked in the Strait of Hormuz. 3. US officials stated they observed the Iranian Revolutionary Guard preparing to launch mines into the Strait of Hormuz. 4. US officials: US forces attacked southern Iranian islands to prevent them from laying mines. 5. Iranian Revolutionary Guard: The attack on Larak Island resulted in multiple injuries; the aggressors will be punished. 6. Explosions were heard in Jordan; the Iranian Revolutionary Guard claimed to have launched missiles at US bases. Other Events: 1. A senior Syrian official visited Libya for the first time in 14 years; the Syrian embassy resumed operations. 2. The Iranian Navy Commander refuted Trumps claims, stating that the Iranian Navy remains combat-ready. 3. Greece is reportedly planning to sign a $3.4 billion air defense agreement with Israel. 4. Irans Supreme Leader: The way to resolve regional issues lies in unity. 5. According to IRNA: The Iranian President will visit Kyrgyzstan on Monday. 6. US media: Senior US military officials advised Hegerseth that a large-scale operation against Iraq is unsustainable. 7. Pakistani Foreign Ministry: The first meeting of the Mecca Agreement Strategic Political and Defense Committee will be held in Istanbul on August 31.On August 31, Russian Presidential Press Secretary Dmitry Peskov stated on the 30th that Russia remains open to holding peace talks with Ukraine in Turkey, but the conditions for resuming talks are not yet in place. According to TASS, Peskov said that Russia remains open to Russia-Ukraine peace talks, "but unfortunately, we cannot say that the preconditions (for continuing negotiations) are met at present, because these conditions simply do not exist." Peskov also emphasized that if the presidents of Russia, the United States, and Ukraine hold a trilateral meeting, its purpose will only be to finalize an agreement, which will not be a "simple deal" but will inevitably go through a very complex process involving numerous details.On August 31st, according to US technology journalist Gurman, Apples (AAPL.O) product lineup this year will include a series of exceptionally ambitious devices that CEO Benjamin Trudeau, who will take office on September 1st, has been pushing internally for months. These include the first foldable iPhone and a smart display capable of recognizing the speaker and adjusting content based on the user. Gurman believes Trudeaus biggest challenge is how to sustain his decades-long success in the age of artificial intelligence. September will be a major test when Apple fully deploys its new Siri AI, designed to compete with ChatGPT. Given the high cost of running such an AI system, Apple ultimately hopes to either charge for it or find a way to monetize it by integrating third-party applications into the voice assistant. However, to get developers or users to pay, Siri must overcome its long-standing negative reputation for instability and limited usability. Currently, early reviews of Siri AI are generally positive.According to Irans PressTV, Iran has launched missiles at U.S. ships in the Strait of Hormuz.On August 31, local time, the U.S. Central Command stated that the USS Delbert D. Black was operating in the Arabian Sea as the U.S. continued its blockade of Iran. As of that day, the U.S. Central Command had guided 83 merchant ships to change course, rendered 3 merchant ships incapable of navigation, and boarded and inspected 2 merchant ships to ensure they complied with the blockade requirements.

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.