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August 15th – Today (August 15th) marks the fourth National Ecological Day. The China Consumers Association today released the "China Consumer Green Consumption Guide (2026 Edition)". The guide focuses on the "3060" carbon peak and carbon neutrality target, using daily life as a foundation to help consumers increase their knowledge of green consumption, enhance their confidence in green consumption, and cultivate sustainable lifestyles. Based on my countrys socio-cultural background and residents daily life scenarios, the guide systematically proposes 50 action suggestions covering four major consumption areas: food, travel, energy, and daily necessities. These include advocating for the "Clean Plate Campaign," reducing the use of disposable tableware, promoting low-carbon travel, and encouraging prioritizing public transportation, cycling, or walking.Artificial Intelligence: 1. Alibaba open-sources Qwen 3.8, with its large-scale model exceeding 3 billion downloads globally. 2. Oracle: The Jupiter Project, its AI data center park project, is progressing as planned. 3. Apple reportedly moves beyond simply "borrowing" resources, partnering with Alibaba to train a large-scale model specifically for the Chinese market. 4. Zhipu: Releases the GLM-5.3 model, demonstrating better performance in complex coding and long-term tasks. 5. The Dark Side of the Moon issues a solemn statement: Be wary of suspicious transactions; suspected illegal and criminal activities have been reported to the public security authorities. 6. Broadcoms stock price fell nearly 7% intraday on Friday, as the market focused on its financing model behind its AI infrastructure expansion. 7. Anthropic reported preliminary revenue exceeding $11.5 billion for the second quarter of 2026, while also reporting positive adjusted operating profit. Other: 1. Turkey plans to launch a lunar probe early next year. 2. South Koreas ICT exports grew by 140% in July, setting a new record for July. 3. Guangdongs first "Token Loan" was launched, with initial trial loans reaching 28 million yuan. 4. Goldman Sachs is reportedly in talks to participate in Nvidias $500 billion AI funding round. 5. LG partners with Nvidia to launch a new generation of humanoid robots in the first quarter of next year. 6. Nvidia is reportedly scaling back its plan to provide $250 billion in guarantees for OpenAI data centers. 7. Yonhap News Agency: SK Group Chairman Chey Tae-won has appealed the verdict in his record-breaking divorce case. 8. SEC filings show that SoftBank Group has reduced its stake in TSMC by 71.5%, down to 565,000 depositary receipts.August 15th - According to the UAE News Agency, Abu Dhabi National Oil Company (ADNOC) stated that one of its vessels was attacked while sailing in the Strait of Hormuz on the evening of the 14th. No casualties were reported. ADNOC is the UAEs state-owned oil and gas company. The UAE has recently claimed on several occasions that its vessels have been attacked while transiting the Strait of Hormuz. The UAE Ministry of Foreign Affairs issued a statement early on the 14th stating that two ADNOC oil tankers were attacked by Iran while transiting the Strait of Hormuz on the evening of the 13th.August 15th - According to Indonesian rescue authorities, the earthquake has so far caused one death. The China Earthquake Networks Center officially measured a 7.7-magnitude earthquake at 5:58 AM on August 15th in the sea area near Flores Island, Indonesia (8.40°S, 121.40°E), with a focal depth of 20 kilometers.1. The Finnish Defence Forces stated that Finland has established a temporary restricted zone for air and sea traffic in the eastern Gulf of Finland. 2. The Latvian Armed Forces stated that Latvia has ended its air threat alert after allied fighter jets shot down a drone in Latvian airspace. 3. A NATO military spokesperson confirmed that NATO allied warplanes were scrambled due to a drone entering Latvian airspace. 4. Russian Foreign Minister Lavrov stated that Russia will intensify its efforts to destroy all Western forces supporting the Kiev war machine. 5. The Russian Ministry of Defense reported striking trains carrying military equipment for the Ukrainian army in the Odessa, Zaporizhia, and Sumy regions. 6. The Russian Ministry of Defense reported that in the past 12 hours, Russian air defense systems shot down 221 Ukrainian fixed-wing drones in multiple regions and the Black Sea and Sea of Azov areas.

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.