EUR/USD 1.18516
-0.028%
Gold 4870.95
-0.144%
Oil 62.124
-0.108%
USD/JPY 153.292
0.003%
GBP/USD 1.35652
-0.013%
GBP/JPY 207.948
-0.001%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Japans Reuters Tankan Manufacturing Sentiment Index for February was 13, down from 7 in the previous month.February 18th - Google CEO Sundar Pichai announced on Tuesday that the annual Google I/O developer conference will be held from May 19th to 20th. The conference will take place at the companys headquarters in Mountain View, California, and will be streamed live on the conference website. Google is expected to announce updates to the Gemini large-scale model and other artificial intelligence products at the conference, and is expected to officially launch its smart glasses product.February 18th - A 13F filing revealed that Berkshire Hathaway reduced its holdings in Bank of America and Apple, while increasing its stake in The New York Times in the final quarter of Warren Buffetts CEO tenure. In the fourth quarter of last year, the company reduced its holdings in Bank of America by approximately 50.8 million shares and Apple by 10.3 million shares, marking the third consecutive quarter of reducing its Apple holdings. Simultaneously, the company purchased 5.1 million shares of The New York Times, whose stock price rose by approximately 2% in after-hours trading. As of September last year, American Express, Apple, Bank of America, Coca-Cola, and Chevron were Berkshire Hathaways largest holdings.February 18th - According to a 13F filing submitted by Nvidia to the U.S. Securities and Exchange Commission after the market closed on February 17th (Eastern Time), Nvidia will liquidate its holdings in Applied Digital, Arm Holdings, and WeRide in the fourth quarter of 2025, while acquiring new shares in Intel, Synopsys, and Nokia.February 18th - A 13F report shows that Hillhouse Capital HHLR Advisors Ltd. increased its holdings in Alibaba, Pinduoduo, iShares Bitcoin, and TSMC in the fourth quarter, sold off its entire stake in Baidu, and reduced its holdings in NetEase, Bright Scholastic, Futu Holdings, Full Truck Alliance, and Webull, among others; its major holdings include Pinduoduo, Alibaba, and Futu Holdings.

Silver Price Analysis: XAG / USD hovers around $20.00 ahead of US NFP

Alina Haynes

Mar 10, 2023 11:25

 截屏2022-06-07 下午5.18.01.png

 

Silver price continues to trade sideways on Thursday, in the absence of a catalyst, prior to the release of crucial US economic data. The Mexican Peso (MXN) is depreciating as a result of investors' risk aversion ahead of the US Nonfarm Payrolls report for February. At the time of writing, the XAG / USD exchange rate was $20.05, an increase of 0.19%.

 

XAG / USD remained steady throughout the day, unable to break above or below the $19.98-$20.28 range. However, investors should be aware that Silver fell below the 200-day Exponential Moving Average (EMA) at $21.80, indicating a downward bias for the precious metal. Notably, the 50-day EMA is approaching the 200-day EMA, and once it crosses below the latter, a death cross would exacerbate a decline toward the $18.84 daily low from November 3.

 

But first, XAG / USD must surpass the YTD low of $19.92. A breach of the latter will expose the psychological level of $19.00, followed by the daily low on November 3 at $18.84.

 

In an alternative scenario, the first level of resistance for XAG / USD would be the daily high of $20.06. Once cleared, the next resistance level would be the daily low-turned resistance from February 28 at $20.43, followed by the daily low-turned resistance from November 28 at $20.87.


Suggestion