EUR/USD 1.13646
0.451%
Gold 3416.09
2.462%
Oil 58.806
3.235%
USD/JPY 142.530
-0.816%
GBP/USD 1.33690
0.551%
GBP/JPY 190.555
-0.227%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
German Chancellor Merz: It is normal that some coalition members voted against me.According to the Financial Times: Britain and the United States are about to reach a low-tariff trade agreement.On May 7, according to the results of the U.S. 10-year Treasury auction on Tuesday, the undergraduate loan interest rate in the United States for the 2025-26 academic year is expected to be 6.39%. The annual interest rate calculation formula is usually based on the yield of the May auction, plus 2.05 percentage points. The figure of 6.39% is slightly lower than last years 6.53%, but it is still close to the highest level since the Great Recession in 2008. Under federal law, the upper limit of the loan interest rate is 8.25%.Karen Manna of Federated Hermes said on May 7 that Federal Reserve Chairman Powell may not be able to satisfy investors thirst for clarity when he speaks to reporters after tomorrows interest rate decision. The Fed is expected to keep interest rates unchanged, and Powell may face questions about the impact of tariffs on inflation and the economy. The final level of tariffs and their duration remain unknown, which limits Powells ability to provide more clear information. "Forecasting is always difficult, and it is almost impossible to make forecasts when the target is constantly changing." She expects this uncertainty to continue until the Feds June meeting unless there are substantial changes.Pakistans Defense Minister: Conflict between Pakistan and India is "imminent".

Silver Price Analysis: XAG/USD drops below the 100/200-day simple moving average and goes bearish, aiming $21.00

Daniel Rogers

Feb 10, 2023 11:36

 截屏2022-06-07 下午5.17.07.png

 

Silver price is testing the 200-day Exponential Moving Average (EMA) at approximately $21.95. This structure's bottom-trend line is a bearish megaphone formation. At the time of this writing, the XAG/USD rate is $21.97.

 

Daily chart analysis indicates that XAG/USD is close to breaching the 200-day exponential moving average (EMA), which might pave the stage for additional losses. In addition, oscillators have been pessimistic, specifically the Relative Strength Index (RSI), while the Rate of Change (RoC) is nearly flat, indicating that neither buyers nor sellers are in control.

 

But if XAG/USD closes below the 200-day exponential moving average, silver prices could plummet. The $21.00 psychological price level is the next area of support, followed by the November 28 daily low of $20.87 and the November 21 low of $20.59.

 

In an alternative scenario, the first point of resistance for the XAG/USD would be the psychological $22.00 level. A violation of the latter would expose the support-turned-resistance trendline at $22.40, followed by the weekly high at $22.59.


Suggestion