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Conflict Updates: 1. A Russian logistics center was attacked by drones, resulting in 7 deaths and 24 injuries. 2. Multiple locations in Kyiv, the capital of Ukraine, were attacked by ballistic missiles. 3. A drone attack in the Moscow region of Russia resulted in over 30 deaths and injuries. 4. According to the Russian Ministry of Defense, Russian air defense systems intercepted and destroyed 379 Ukrainian drones overnight. 5. Zelenskyy: Ukraine attacked two major logistics facilities in the Moscow and Tambov regions of Russia and also struck Russian oil facilities. 6. The governor of Odessa stated that Russia attacked infrastructure at the port of Odessa, Ukraine, hitting a ship flying a foreign flag and killing one person. Other Updates: 1. Advisor to the Ukrainian Minister of Internal Affairs: The attacks by Ukraine have reduced Russias oil refining capacity. 2. Zelenskyy: He spoke with the Commander-in-Chief of the Armed Forces of Ukraine, Oleksandr Sylskyy, today. Decisions regarding the military will continue to be negotiated. 3. The Ukrainian Ministry of Defense: In the first half of 2026, the total value of drone contracts signed by the Ukrainian military was approximately $7.5 billion, double the total value of last year. FPV drones accounted for the largest share of these contracts.July 19 - According to the website of the China Maritime Safety Administration, the Yantai Maritime Safety Administration issued a navigation warning that military activities will be conducted in relevant waters of Laizhou Bay in the Bohai Sea from July 20 to 21, and entry is prohibited.July 19th - On July 18th, at the 2026 World Artificial Intelligence Conference, Tencent Cloud officially released the overseas version of Tencent Cloud Intelligent Agent Development Platform ADP 4.0, simultaneously upgrading three major modules: Intelligent Workbench, Claw Mode, and Skill Square.July 19th - According to COMAC, on July 17th, Cambodia National Airways and COMAC signed an agreement in Shanghai for the purchase of 20 C909 aircraft. On the same day, COMAC also signed a strategic cooperation memorandum of understanding with the State Secretariat of Civil Aviation of Cambodia, under which the two sides will deepen cooperation in areas such as aviation safety, airworthiness certification, and personnel training.On July 19, the State Administration for Market Regulation released the "Guidelines for the Application of Credit Information of Individual Businesses," a recommended national standard that clarifies the content and main application scenarios of credit information for individual businesses.

Silver Price Analysis: XAG / USD is on the verge of dropping below $21.00.

Alina Haynes

Mar 07, 2023 11:49

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XAG / USD fails to extend last Friday's rally, retreats from weekly highs of around$21.30, and falls 0.92 percent, or 0.20 cents, in Monday's session. The XAG / USD is currently trading at $21.02, down from its starting price. After testing the daily low on February17, which turned into resistance at$21.18, the XAG / USD spot price declined, as bears eye $20.00. The XAG / USD must, however, overcome the $21.00 obstacle on its journey south. The March 3 low of $20.84 and the March 1 low of $20.68 would serve as the XAG / USD next supports after they are gone. The Yearly low of $20.43 would be revealed if the latter was breached.

 

The Relative Strength Index (RSI) has rounded the curve and is now aiming downward after emerging from oversold circumstances. This indicates that sellers are gaining traction, which is further supported by the Rate of Change (RoC), as purchasing demand is waning.

 

As an alternate possibility, the XAG/USD first resistance would be the March 6 peak at $21.30. Silver may rise toward the 20-day Exponential Moving Average (EMA) at $21.50 once investors retake that mark before falling to the 200-day EMA at $21.85.


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