EUR/USD 1.17455
-0.017%
Gold 4318.95
-0.467%
Oil 57.430
-0.714%
USD/JPY 156.670
0.159%
GBP/USD 1.34732
0.042%
GBP/JPY 211.060
0.192%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Saudi sources say the Yemeni government has imposed restrictions on air traffic between Abu Dhabi and Dubai in an effort to ease the escalating situation in the country.The Russian Ministry of Defense stated that since early morning, a total of 58 drones have been shot down across various regions of Russia.January 1st - According to data from the Nanjing Municipal Bureau of Culture and Tourism, on New Years Eve, the citys cultural and tourism consumption reached 910 million yuan, a year-on-year increase of 32%. On January 1st, 2026 (the first day of the New Years Day holiday), the citys scenic spots, rural tourism destinations, and national-level nighttime cultural and tourism consumption clusters received 1.961 million visitors, a 19.4% increase compared to the same period in 2025 on a comparable basis.Turkey raised its fixed excise taxes on fuel, tobacco, and alcoholic beverages on January 1st, but the increase was less than the producer inflation rate, a move policymakers aim to support the central banks efforts to curb rising prices. According to a resolution published in the Turkish Official Gazette on Wednesday, the government increased the fixed tax on gasoline and diesel by 6.95% and on cigarettes and alcoholic beverages by 7.95%. Turkey adjusts its fixed excise taxes twice a year, in January and July, based on changes in the producer price index over the past six months.Saudi Aramco and Saudi Aramco Base Oil Company (Luberef) will explore building a base oil plant in Jizan.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

 截屏2022-07-29 上午11.05.40.png

 

Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.


Suggestion