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On September 20, 2026, the Ministry of Agriculture and Rural Affairs and the China Meteorological Administration issued a warning for the risk of disasters caused by continuous rain during the autumn harvest. From September 21 to 28, frequent rainfall is expected in southeastern Northwest China, eastern Southwest China, the Jianghan Plain, western Huanghuai Plain, and northern Anhui, posing a high risk of disasters during the autumn harvest. Specifically, from September 23 to 27, northeastern Sichuan, central and northern Chongqing, southeastern Shaanxi, southern Henan, northwestern Hubei, and northwestern Anhui will experience continuous moderate to heavy rain, with some areas experiencing torrential rain and localized extremely heavy rain, further increasing the risk of disasters during the autumn harvest. It is recommended that the above-mentioned areas seize the opportunity during breaks in rainfall to harvest mature crops promptly, and pay attention to ventilation, storage, drying, and storage. In areas with heavy rainfall, timely ditching and drainage should be carried out after the rain to create suitable conditions for agricultural machinery operations.September 20th - The Eighth Session of the Seventh Shenzhen Municipal Peoples Congress convened at the Civic Center on September 20th to elect the Mayor of Shenzhen Municipal Peoples Government. At 10:30 AM, the Congress held its first plenary session, approving the election procedures. At 3:00 PM, the Congress held its second plenary session, electing Li Yun as Mayor of Shenzhen Municipal Peoples Government by secret ballot.September 20th - With the Mid-Autumn Festival and National Day holidays approaching, the airfare market continues to heat up. Monitoring on September 20th revealed that popular long-haul tourist routes and return-home routes saw significant price increases the day before the Mid-Autumn Festival. On October 7th, the lowest price on the platform for a flight from Urumqi to Shanghai reached 3070 yuan, approximately 99% higher than the 1540 yuan price for a flight from Shanghai to Urumqi on September 24th, nearly doubling. The Shenzhen-Chongqing route also shows a trend of "more expensive return trips": the lowest price for a Shenzhen-Chongqing outbound flight on September 24th was 1010 yuan, while the lowest price for a Chongqing-Shenzhen flight on October 7th was 1450 yuan, a return price increase of about 44%. Current booking and forecast data indicate that this years "Double Festival" civil aviation market is showing a clear characteristic of "both volume and price increases." Flight Manager data shows that as of September 17th, the average booked domestic economy class ticket price during the 2026 Mid-Autumn Festival and National Day holidays is approximately 973.7 yuan, a year-on-year increase of 9%; the average daily passenger volume is expected to increase by 3.1% year-on-year during the same period.The China Earthquake Networks Center officially reported that a 6.2-magnitude earthquake occurred in Papua New Guinea (5.90 degrees south latitude, 146.10 degrees east longitude) at 17:17 on September 20, with a focal depth of 120 kilometers.The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 6.2 occurred near Papua New Guinea (5.71 degrees south latitude, 146.17 degrees east longitude) at 17:17 on September 20. The final result is subject to the official rapid report.

Analysis of the Silver Price: XAG/USD declines toward $18.30 crucial support

Alina Haynes

Oct 21, 2022 14:58

 截屏2022-09-23 下午2.30.27.png

 

During Friday's Asian session, the silver price (XAG/USD) declines from its weekly high to $18.60, inching closer to the major trend line support. In doing so, the precious metal pares yesterday's gains while positioning itself for a favorable weekly close.

 

However, the metal's inability to breach the 50-SMA during the previous day's rally, combined with the steady RSI (14) keeps sellers optimistic.

 

As a result, the XAG/USD exchange rate may attempt for the fourth consecutive time to breach the upwardly sloping support line from early September, which was at $18.30 at press time.

 

Notably, the death cross on the four-hour chart lends power to the metal's bearish bias, suggesting a clear break of the $18.30 support, which in turn might push the price towards the yearly low around $17.55.

 

The death cross occurs when the 50-SMA falls below the 200-SMA and is often advantageous for sellers. Notable also is that the lows established in October and late September, around $18.00, could serve as additional downside filters for silver bears to monitor.

 

In the meantime, recovery moves must not only surpass the 50-SMA hurdle of $18.80 but also remain above the 200-SMA level of $19.23 in order to satisfy buyers.