EUR/USD 1.15064
-0.014%
Gold 4048.43
-0.169%
Oil 80.744
2.529%
USD/JPY 157.900
0.470%
GBP/USD 1.34401
0.060%
GBP/JPY 212.221
0.535%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Country Garden (02007.HK): In July 2026, the company achieved contracted sales of approximately RMB 2.26 billion attributable to shareholders, with a contracted sales area of approximately 280,000 square meters attributable to shareholders.On August 4th, the Beijing Municipal Commission of Planning and Natural Resources officially issued the "Beijing Underground Space Special Plan (2025-2035)". As the first city-level underground space special plan compiled by Beijing, this plan aims to coordinate above-ground and underground space, promote high-quality development in the capital, and plans to build Beijing into a multi-dimensional, safe, efficient, convenient, and sustainable three-dimensional livable city by 2035.The National Security Council of Ukraine has warned that Russia is using jet drones to launch a large-scale attack on the Chernihiv region.On August 4th, the Korean Central News Agency (KCNA) reported that a North Korean military commentator published an article on August 3rd stating that the US, Japan, and South Korea are using military exercises to strengthen their joint operational capabilities, forming a "triad" threat that could become a new security crisis in the Asia-Pacific region. The article stated that in the region surrounding the Korean Peninsula, the US and South Korea conducted exercises in July under the pretext of strengthening their joint air capabilities, including a large-scale "joint logistics support exercise." To strengthen command and coordination with the Japan Self-Defense Forces "Unified Operations Command," the US is accelerating the reorganization of the US Forces Japan Command into a "Unified Forces Command" with independent operational capabilities. The US has also deployed the Typhon intermediate-range missile system in Japan and plans to deploy it to South Korea. The article pointed out that Japan openly discusses its own nuclear armament and conducts US-made Tomahawk cruise missile launch drills in the Pacific; South Korea is also aggressively advancing its nuclear submarine development program. The actions of the US, Japan, and South Korea undermine security in the Asia-Pacific region and exacerbate instability; all parties should be vigilant about this trend and take measures to contain it.Bank of Japan data suggests that Japan may not have intervened in the foreign exchange market on Monday.

Silver Price Analysis: XAG/USD Breaks Below the 200-Day Moving Average and Extends Its Drop Below $21.90

Daniel Rogers

Feb 15, 2023 14:33

 截屏2022-06-15 下午4.06.22_1024x576.png

 

Silver price remains below the bottom-trendline of a megaphone formation and below the 200-day Exponential Moving Average (EMA) at 21.95, a bearish indication for the white metal. A daily close below the latter would open the path for more losses, it should be noted. XAG/USD trades at $21.84 per troy ounce at the time of writing, following reaching a daily high of $23.

 

After falling below the bottom trendline of a megaphone formation, the XAG/USD has been unable to rebound $22.50, exposing the 200-day exponential moving average. A daily close is required to further solidify a change in the neutral bias to neutral-downwards, and it will reveal support zones that have not been tested since December of 2022.

 

If this scenario materializes, the first support for XAG/USD would be the daily low of $20.87 from November 28, followed by the swing low of $20.59 from November 21. Once the psychological level of $20.00 was cleared, it would be up for grabs.

 

In an alternative scenario, the XAG/initial USD's point of resistance would be the 200-day exponential moving average (EMA) at $21.94, preceding the $22.00 level. Once broken, Silver might target inside the megaphone formation, but first it must break the $22.20 support trendline.

 

It should be noted that oscillators such as the Relative Strength Index (RSI) indicate a negative continuation, whereas the Rate of Change (RoC) indicates that sellers are losing momentum. Consequently, the XAG/USD may settle in the region between $21.60 and $22.00, expecting a new catalyst before establishing its direction.


Suggestion