EUR/USD 1.15267
-0.036%
Gold 4061.91
0.272%
Oil 78.846
-5.164%
USD/JPY 156.538
-1.657%
GBP/USD 1.34647
-0.085%
GBP/JPY 210.778
-1.740%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake occurred at 11:11 on August 3 in Gao County, Yibin City, Sichuan Province (28.54 degrees north latitude, 104.67 degrees east longitude), with a focal depth of 5 kilometers.On August 3rd, the international standard "Technical Framework and Functional Requirements for Blockchain and Distributed Ledger Technology: Blockchain as a Service," led by my country, was successfully approved by the International Organization for Standardization (ISO). Representatives from Germany, the UK, Ireland, Japan, Portugal, and Uganda will participate in its development. The standard will define three key technical requirements: In terms of infrastructure and network, it will standardize the construction and operation of underlying resources and the blockchain network. Regarding service management and smart contracts, it will unify the platform service catalog and the entire lifecycle management process for contracts. Finally, in terms of data interaction and security, it will clarify on-chain data access, privacy protection, and security compliance mechanisms.According to Yonhap News Agency, data released on Monday showed that South Koreas online shopping sales increased by approximately 10% year-on-year in June, driven by strong demand for mobile devices and automobiles. Data from the Ministry of Statistics and Census Service showed that online shopping transactions in South Korea reached 24.6 trillion won (approximately US$17 billion) in June, an increase of 2.3 trillion won compared to the same period last year. The report showed that sales of mobile devices more than doubled, reaching 892.4 billion won, clearly benefiting from promotional activities by Samsung Electronics. Spending on automobiles and related products also surged 56.8% to 1.19 trillion won, driven by strong sales of Tesla electric vehicles.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 3.4 occurred near Gao County, Yibin City, Sichuan Province (28.56 degrees north latitude, 104.68 degrees east longitude) at 11:12 on August 3. The final result is subject to the official rapid report.Japanese Finance Minister Satsuki Katayama declined to comment on whether foreign exchange intervention was carried out today.

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