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May 4th - On May 2nd, 2026, the Chinese Embassy in the United States held an Open Day and Shaanxi Province Promotion Event. Ambassador Xie Feng attended and delivered a speech. Xie Feng stated that over the past half-century, although China-US relations have weathered storms, they have always moved forward despite difficulties. Currently, China-US relations have once again reached a new crossroads. Both sides should look back to learn from the experiences and lessons of the development of China-US relations, focus on the present to promote the stable, healthy, and sustainable development of China-US relations, and look to the future to build a correct path for China-US relations in the new era, so that the lives of the people of both countries and the people of the world will become increasingly better. This year is a "big year" for China-US relations. We welcome more American friends to take advantage of the 240-hour visa-free transit policy to visit the beautiful Shaanxi and explore the magnificent China; more American companies to engage in China-US economic and trade cooperation, seize Chinese opportunities, and reap global benefits; and more American youth to participate in the "5 Years 50,000" initiative, striving to become people-to-people ambassadors and promote friendship between the people.On May 4, U.S. Central Command announced that the military would begin supporting Operation Freedom of the Sea (Operation Freedom of the Sea) to restore freedom of navigation for commercial vessels through the Strait of Hormuz. This presidential-ordered mission aims to support merchant ships seeking free passage through this vital international trade route. A quarter of the worlds maritime oil trade, as well as a significant amount of fuel and fertilizer products, are transported through the strait. "Supporting this defensive mission is critical to regional security and the global economy while we maintain the maritime blockade," said General Brad Cooper, Commander of Central Command. Last week, the State Department announced a new initiative in partnership with the Department of Defense to enhance coordination and information sharing among international partners to support maritime security in the strait. The Freedom of the Sea concept aims to combine diplomatic efforts with military coordination, which will be crucial during Operation Freedom of the Sea. U.S. military support for Operation Freedom of the Sea will include guided-missile destroyers, more than 100 land-based and sea-based aircraft, multi-domain unmanned platforms, and 15,000 personnel.According to the Wall Street Journal, GameSpot (GME.N) has offered to acquire eBay (EBAY.O) for $125 per share, or approximately $56 billion.May 4th - According to a report by Irans Nokari News Agency on the evening of May 3rd, data from the maritime information company "Tanker Tracker" website shows that 25 oil tankers carrying crude oil left Iran in April, some of which have already reached their destinations. The report stated that seven tankers returned to Iran in the Arabian Sea due to a US blockade, two were seized by the US in the Indian Ocean, and one sailed to the Far East. Of the remaining 15 tankers, most arrived at their destinations in the first half of April.U.S. 10-year Treasury futures rose 5 points, and 30-year Treasury futures rose 8 points.

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.