• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Kremlin stated that the Nord Stream 2022 gas pipeline explosion demonstrates Ukraines involvement in attacks against critical EU infrastructure. The EU should take the Nord Stream 2022 gas pipeline explosion into account when discussing Ukraines potential accession to the EU.According to TASS: The Russian Ministry of Defense says that Russian troops have taken control of Oleksandrivka in Ukraine.On July 3, the State Council issued the "15th Five-Year Plan for Building a Beautiful China," which mentions actively and steadily promoting and achieving carbon peaking. It calls for implementing a proactive national strategy to address climate change, fulfilling nationally determined contribution targets, solidly advancing carbon peaking actions, and fully implementing a dual control system for total carbon emissions and intensity. The plan emphasizes a multi-energy approach, including wind, solar, hydro, and nuclear power, while deeply carrying out energy-saving and carbon-reduction retrofits and controlling coal consumption. It also calls for rationally controlling the scale of coal-fired power generation and capacity, comprehensively increasing the proportion of renewable energy consumption, and accelerating the replacement of new electricity consumption with new clean energy. Finally, it outlines a comprehensive package of major projects to address climate change, promoting the development of carbon capture, utilization, and storage technologies and the construction of demonstration projects.On July 3, the State Council issued the "15th Five-Year Plan for Building a Beautiful China." The plan proposes promoting green and low-carbon lifestyles. It includes improving the green product certification and labeling system; promoting the sale of new energy vehicles, green smart home appliances, and green building materials in rural areas; promoting green charging for new energy vehicles and green electricity retail packages for residents; improving green consumption incentive mechanisms; expanding the scope and scale of government procurement of green products; fostering ecological culture; continuing activities such as National Ecological Day and World Environment Day; strengthening ecological civilization publicity and education; continuing the "Beautiful China, I am an Actor" series of activities; guiding the public to save water and electricity; promoting the "Clean Plate Campaign"; reducing the use of disposable items; and resisting excessive packaging. The plan also includes improving urban public transportation, slow-traffic systems, and greenway networks to develop green travel.According to the Islamic Republic News Agency (IRNA), Iranian Parliament Speaker Qassem Ghalibaf stated that the United States and Israel have failed to achieve any of their objectives in the war. All parties have now concluded that the military operation against Iran has failed.

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.