EUR/USD 1.15571
-0.034%
Gold 4342.70
-0.027%
Oil 78.085
2.380%
USD/JPY 158.751
0.758%
GBP/USD 1.34968
-0.003%
GBP/JPY 214.266
0.754%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Barclays lowered its price target for Murphy Oil (MUR.N) from $43 to $38.Barclays raised its price target for Airbnb (ABNB.O) from $125 to $150.On August 10th, the Shanghai Stock Exchange Listing Review Committee announced that it will hold its 47th meeting of 2026 on August 17th to review the IPO application of Guangdong Kerui Strontium CNC Technology Co., Ltd.On August 10th, seven departments, including the Shanghai Municipal Commission of Commerce, issued the "Construction Plan for the Shanghai National Service Trade Innovation and Development Demonstration Zone." The plan aims to attract enterprises and institutions to establish artificial intelligence R&D centers, open-source platforms, and collaborative laboratories. It promotes the expansion of overseas access to computing power and basic large-scale models, and supports the export of model products such as intelligent agents and multimodal generation. It also encourages intelligent terminal enterprises, such as embodied intelligence, to expand new full-cycle service models. Furthermore, it supports the application of artificial intelligence in industries such as healthcare, education, and professional services. The plan also calls for successfully hosting the World Artificial Intelligence Conference and global developer events, and accelerating the construction of the headquarters of the World Artificial Intelligence Cooperation Organization. Support will be provided for Pudong New Area to build a pilot zone for innovative applications of artificial intelligence, and for Xuhui District to build the "Model Speed Space" large-scale model innovation ecosystem community. Finally, the plan explores the establishment of a global governance system for artificial intelligence.On August 10th, seven departments, including the Shanghai Municipal Commission of Commerce, issued the "Construction Plan for the Shanghai National Service Trade Innovation and Development Demonstration Zone." The plan emphasizes improving service trade supporting the integrated circuit industry. It promotes the integration of integrated circuit design and manufacturing, and establishes an international joint design center in the Lingang New Area. The plan supports integrated circuit companies in achieving breakthroughs across the entire industry chain and cultivating a number of internationally competitive leading enterprises. It stipulates that imported testing consumables used within comprehensive bonded zones will be reimbursed based on actual testing consumption, and that pilot projects for integrated circuit testing outside comprehensive bonded zones will be subject to bonded supervision. The plan also supports integrated circuit companies in conducting international trade distribution business.

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