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On August 15th, regarding the issue of non-Shanghai residents purchasing homes for replacement purposes, a staff member at the Shanghai Real Estate Transaction Center hotline stated that no new policies have been introduced. According to the hotline staff, non-Shanghai resident families who sell their only property can exchange it for one more home within the city, provided the ownership remains the same before and after. No social security or individual income tax certificates are required. This policy has been in effect since May 28, 2024. For non-Shanghai resident families or single adults selling some of their properties (i.e., owning two or more properties), when purchasing a new home, the number and location of the new home must match the previously sold property—if a property is sold outside the outer ring road, it can only be purchased outside the outer ring road; if a property is sold within the outer ring road, it can only be purchased within the outer ring road. No social security or individual income tax certificates are required. This policy has been in effect since February 26, 2026. Regarding home purchases and exchanges by foreign individuals, hotline staff stated that foreign individuals who sell all their properties in Shanghai can exchange them for and purchase one additional home in the city without submitting a foreigners residence permit (work category), a Shanghai employment contract valid for at least one consecutive year prior to the date of purchase, or proof of social security and individual income tax payments valid for at least one consecutive year prior to the date of purchase. However, they still need to sign a commitment letter for self-occupancy of the property. This policy will take effect on July 29, 2026.On August 15th, a rare occurrence this week was Jensen Huang joining forces with six Wall Street asset management giants to endorse the idea of "developing AI computing power into an independent asset class." Analysts believe this is Huang putting his "meta-economics" into practice, signifying that the AI hype is extending from a technology race to a capital race. However, this latest plan has also sparked investor concerns about "revolving financing" and debt risks. Faced with these questions, Huang personally reassured the market again. He stated that Nvidia might "provide a residual value support mechanism of up to 25% for individual investment projects" and would carefully evaluate each project. Market sentiment subsequently eased slightly.August 15th - According to Lighthouse Pro, as of August 15th, the total box office (including pre-sales) for August 2026 has exceeded 3 billion yuan. Spider-Man: New Day, Welcome to Dragon Restaurant, Eight Immortals, Odyssey, and Kung Fu Soccer are currently ranked in the top five at the August box office.According to Irans Press TV, Israeli airstrikes in southern Lebanon have killed seven people and injured three.Ukrainian President Zelensky: The Ukrainian military attacked a Russian military airbase in Nizhny Novgorod and Russian oil facilities in Ust-Luga.

Silver Price Analysis: Bulls maintain control of the XAGUSD and could target the $22.50 supply zone

Alina Haynes

Nov 11, 2022 17:35

 截屏2022-11-08 下午5.37.02_1024x576.png

 

On Friday, silver extends its breakout momentum through the extremely significant 200-day simple moving average for a second consecutive session. During the early European session, the white metal reaches a five-month high, but struggles to achieve acceptance beyond the $22.00 round-figure threshold. However, the XAGUSD maintains its intraday gains and is currently trading in the $21.85-$21.90 range, up about 0.90% for the day.

 

The overnight rise from levels below $21.00 and subsequent strength above a technically key moving average bolster the likelihood of a near-term advance. However, the RSI (14) on the daily chart is close to entering overbought territory and aggressive bullish traders should proceed with caution. Before positioning for further gains, it is recommended to wait for some near-term consolidation or a slight drop.

 

Nevertheless, the XAGUSD is prepared to surpass $22.00 and may seek to test the next significant barrier near $22.45-$22.50. The aforementioned region represents a dense supply zone and may prove difficult for bulls to penetrate. However, some follow-through purchasing will signal a new breakout and pave the way for a move toward recovering the $23.00 round number. The momentum might eventually propel spot prices to a May swing high in the vicinity of $23.25 to $23.30.

 

In contrast, the daily low around $21.45 that coincides with the 200 DMA breakout point should protect the downside in the short term. Any more decline could be viewed as a buying opportunity and should be limited near $21.00. A decisive breach below might spark technical selling and bring the XAGUSD below the $20.40 support zone. Failure to defend the previously mentioned support levels could shift the near-term bias toward bearish traders.

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