• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
April 14th - According to a CNN report on Monday, a source familiar with the negotiations revealed that the Trump administration is discussing the specific details of arranging a second round of face-to-face talks with Iranian officials before the US-Iran ceasefire expires next week, depending on the situation. However, whether such a meeting will actually take place remains uncertain. If negotiations with Iran and regional mediators progress in the coming days, officials are studying potential dates and locations for the talks, describing these discussions as an initial phase. "If the situation develops in that direction, we need to be prepared to quickly initiate the relevant arrangements," the source said. A regional source indicated that a new round of negotiations is possible, with Turkey working to bridge the differences between the two sides. Sources familiar with the matter revealed that Geneva and Islamabad have again been listed as potential locations for the next round of negotiations. Sources said that government officials remain hopeful of resolving the issue through diplomatic means. Depending on the pace of progress in negotiations in the coming days, the US and Iran may also extend the ceasefire to buy more time.On April 14th, Bank of England Governor Andrew Bailey warned on Monday that private credit funds are facing a higher risk from a one-off shock that could shake confidence across the industry. In his capacity as Chairman of the Financial Stability Board (FSB), Bailey wrote to finance ministers outlining how the Middle East conflict could, for the first time, test the $1.8 trillion global private credit market, as some highly leveraged borrowers face pressure. Bailey wrote, “The lack of transparency in these markets presents a higher risk, and even if the specific cause of the problem is limited to individual borrowers, it could trigger a broader loss of confidence.” He added that the FSB will “continue to monitor and conduct further work in the coming months.” The FSB is currently preparing a detailed report on private credit vulnerabilities, aiming to uncover hidden corners of the market that policymakers have been concerned about for years, an area that has expanded rapidly in a relatively lax regulatory environment.According to Futures News on April 14, as of the close of trading at 2:30 PM, the main Shanghai Gold futures contract fell by 0.48%, the main Shanghai Silver futures contract fell by 0.19%, and the main SC crude oil futures contract rose by 0.65%.April 14th - As of 2:30 PM closing, the Shanghai Gold futures contract fell 0.48% to 1043 yuan/gram, the Shanghai Silver futures contract fell 0.19% to 18632 yuan/kilogram, and the SC Crude Oil futures contract rose 0.65% to 653 yuan/barrel.According to Politico: The U.S. Senate Banking Committee has received Warshs ethics filings but is still awaiting his responses to the questionnaire.

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.