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On February 14th, the National Energy Administration (NEA) released data on the issuance and trading of renewable energy green electricity certificates nationwide in January 2026. In January 2026, the NEA issued 196 million green certificates, involving 832,000 renewable energy power generation projects, of which 151 million were tradable, accounting for 76.79%. This period saw the issuance of 152 million green certificates corresponding to renewable energy power generation in December 2025, accounting for 77.49%. In January 2026, 102 million green certificates were traded nationwide, including 33.69 million green certificates for green electricity trading. In January 2026, 68.37 million green certificates were traded individually nationwide, including 6.5 million green certificates with power generation in 2024 (average price 1.25 yuan/certificate) and 61.88 million green certificates with power generation in 2025 (average price 5.51 yuan/certificate).February 14th - According to the China State Railway Group Co., Ltd., in January this year, the national railway transported a total of 332 million tons of freight, an increase of 1.6% year-on-year; the average daily loading was 180,700 wagons, an increase of 3% year-on-year, showing a good trend of both quantity and quality improvement.Gaza Situation: 1. The Israeli Chief of Staff inspected the Shahfa region of Gaza, stating that the Israeli army is ready to launch an offensive. 2. The Al-Aqsa Martyrs Hospital in Gaza faces the risk of complete shutdown due to a power system failure. Iran Situation: 1. Advisor to Irans Supreme Leader: Negotiations can move in a positive direction if the US does not make excessive demands. 2. International Atomic Energy Agency: Dialogue with Iran continues; a decision on the next steps may be made in the coming days. 3. Market news: A new round of US-Iran negotiations will be held on the 17th in Geneva, Switzerland. 4. US President Trump: I believe the Iran negotiations will succeed. If they fail, it will be a bad day for Iran. Other: 1. US President Trump: Considering candidates for Iraqi Prime Minister. 2. Trump confirmed that the US military will send a second aircraft carrier to the Middle East. 3. The US military announced the completion of the transfer of detained ISIS members from Syria to Iraq. 4. Iraqi Foreign Minister: The plan for the US military to withdraw from Iraq by the end of 2026 remains unchanged.The Peoples Bank of China (PBOC) announced today that it conducted 38 billion yuan of 7-day reverse repurchase operations, with a bid volume of 38 billion yuan and a winning bid volume of 38 billion yuan. The operation rate was 1.40%, unchanged from the previous rate.February 14th - According to the Ministry of Water Resources, since entering the dry season last November, rainfall in most parts of the Pearl River Basin has been 30% lower than normal, leading to increased saltwater intrusion in the Pearl River Estuary. To date, the Pearl River Water Resources Commission of the Ministry of Water Resources has scientifically managed the Longtan, Datengxia, and Baise reservoirs in the upper reaches of the Xijiang River to replenish downstream water by nearly 9 billion cubic meters. The average flow rate at the Wuzhou hydrological station, a control station on the main stream of the Xijiang River, has increased by 60%, effectively suppressing saltwater intrusion in the estuary. Freshwater intake and storage in the Guangdong-Hong Kong-Macao Greater Bay Area are at their best levels in nearly 10 years, ensuring water supply security for the Greater Bay Area during the Spring Festival.

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.