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1. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average fell 0.62% to 48,114.26 points, the S&P 500 fell 0.24% to 6,800.26 points, and the Nasdaq Composite rose 0.23% to 23,111.46 points. Johnson & Johnson and UnitedHealth Group fell more than 2%, leading the decline in the Dow Jones. The Wind U.S. Tech Big Seven Index rose 0.45%, Tesla rose more than 3%, and Facebook rose more than 1%. Chinese concept stocks were mixed, with Pony.ai rising more than 7% and Atour falling more than 3%. 2. European stock markets closed lower across the board. The German DAX index fell 0.68% to 24,064.06 points, the French CAC40 index fell 0.23% to 8,106.16 points, and the UK FTSE 100 index fell 0.68% to 9,684.79 points. Weaker-than-expected US November non-farm payroll data triggered risk aversion, with Brent crude oil falling below $60, weighing on energy stocks. Expectations of Russia-Ukraine peace talks dragged down defense stocks, and the continued contraction of the German manufacturing PMI exacerbated concerns about growth. 3. US Treasury yields fell across the board. The 2-year Treasury yield fell 1.45 basis points to 3.485%, the 3-year Treasury yield fell 2.49 basis points to 3.528%, the 5-year Treasury yield fell 2.97 basis points to 3.695%, the 10-year Treasury yield fell 3.12 basis points to 4.143%, and the 30-year Treasury yield fell 3.15 basis points to 4.813%. 4. Brent crude oil fell mainly due to signs of oversupply and progress in the Ukraine peace talks, closing at $55.18 per barrel; the Brent crude oil futures contract fell 2.79% to $58.87 per barrel. 5. International precious metals futures closed mixed, with COMEX gold futures falling 0.07% to $4332.2 per ounce and COMEX silver futures rising 0.32% to $63.80 per ounce. 6. London base metals traded mixed. LME zinc fell 1.89% to $3035.00/ton, LME nickel fell 0.63% to $14255.00/ton, LME copper fell 0.31% to $11619.00/ton, LME aluminum rose 0.58% to $2882.50/ton, LME lead rose 0.05% to $1942.00/ton, and LME tin rose 0.02% to $40955.00/ton. The London Metal Exchange issued a statement saying it plans to set and implement position limits for key and related contracts starting July 6, 2026.Key Futures Data and Events to Watch Today (December 17, 2025) Wednesday: 1. Global October WBMS Non-Ferrous Metals Supply and Demand Report; 2. Opening remarks by Williams, permanent FOMC voting member and President of the New York Fed, at the 2025 Foreign Exchange Market Structure Conference hosted by the New York Fed; 3. US EIA Crude Oil Inventories for the week ending December 12.Boeing (BA.N) has been awarded a $930 million contract by the U.S. Navy for its Super Hornet aircraft.On December 17th, Cao Cao Mobility (02643.HK) announced on the Hong Kong Stock Exchange that on December 16th, a total of 19 members of the companys management voluntarily committed to the company that they will not sell any shares of the company obtained through the exercise of options granted under the pre-IPO share incentive plan until June 24, 2026. The company believes that the voluntary commitment by these management members to restrict the sale of their shares demonstrates their confidence in the Group and is conducive to the Groups continued, stable, and healthy development.On December 17th, the European Commission announced on December 16th its plan to issue approximately €90 billion in bonds in the first half of 2026. The proceeds will be used to support Ukraine and provide loans to member states. These funds will be disbursed through the "Next Generation EU" program and the "European Security Action" mechanism. The European Commission stated that it will provide up to €33 billion in loans to Ukraine between 2024 and 2027. Analysts believe that given the internal divisions within the EU regarding the use of frozen Russian assets to support Ukraine, this large-scale bond issuance plan aims to provide Ukraine with continuous and stable financial support.

Silver Price Prediction - Silver Slides as Downtrend Perpetuates

Daniel Rogers

Jun 23, 2022 11:52

截屏2022-06-15 下午4.06.22_1024x576.png 

 

Silver prices fell, defying the general upward trend in the precious metals complex. U.S. Treasury rates decreased substantially, despite a hawkish Fed Chair hearing on the hill on Wednesday. Despite the weaker dollar, silver prices remained flat.

 

A Federal Reserve Chairman, Jerome Powell, was on the hill for his two-day Humphrey Hawkins hearing, which is mandated by Congress. The head of the central bank said he is committed to reducing inflation and believes he has the tools necessary to accomplish it. Though Powell said he feels the economy is robust currently, he recognized a recession might emerge.

Analytical Methods

Silver prices dipped lower, slipping through support at the 10-day moving average of 21.58. Additional resistance is likely near the 50-day moving average at 22.44.

 

The 50-day just crossed below the 200-day moving average, which is a headwind for XAG/USD since a long-term downtrend is currently deemed in place.

 

The fast stochastic oscillator has issued a crossover sell signal, signaling a decline in short-term momentum.

 

As the histogram and MACD both print favorably, the medium-term momentum is becoming bullish (moving average convergence divergence). The trajectory of the MACD histogram is the positive region with an upward sloping trajectory that signals to higher prices.