EUR/USD 1.16426
-0.076%
Gold 4605.87
0.092%
Oil 82.305
-0.793%
USD/JPY 159.483
0.059%
GBP/USD 1.35824
-0.074%
GBP/JPY 216.604
-0.014%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
French Finance Minister: The first batch of economic data released after the summer heatwave was "poor".On August 28th, as the trade dispute between the United States and Canada escalated, US President Trump signed an executive order on the 27th renaming Lake Ontario, located on the US-Canada border, as "Lake of the United States," stating that the order was "effective immediately." Many Canadians expressed dissatisfaction with the US governments renaming of Lake Ontario to "Lake of the United States," believing that the US action would only exacerbate tensions between the two countries.Futures News, August 28th: Shanghai Futures Exchange (SHFE) precious metals and non-ferrous metals warehouse receipts and changes on August 28th: 1. Copper futures warehouse receipts: 31,462 tons, a decrease of 751 tons compared to the previous trading day; 2. Aluminum futures warehouse receipts: 245,510 tons, a decrease of 5,664 tons compared to the previous trading day; 3. Zinc futures warehouse receipts: 112,169 tons, a decrease of 2,781 tons compared to the previous trading day; 4. Lead futures warehouse receipts: 56,940 tons, a decrease of 51 tons compared to the previous trading day; 5. Nickel futures warehouse receipts: 101,471 tons, an increase of 327 tons compared to the previous trading day; 6. 1. Tin futures warehouse receipts: 5,479 tons, down 102 tons from the previous trading day; 2. Alumina futures warehouse receipts: 242,678 tons, down 6,032 tons from the previous trading day; 3. Alumina futures factory warehouse receipts: 9,300 tons, unchanged from the previous trading day; 4. Gold futures warehouse receipts: 113,658 kg, unchanged from the previous trading day; 5. Silver futures warehouse receipts: 1,409,999 kg, down 6,856 kg from the previous trading day; 6. International copper futures warehouse receipts: 5,992 tons, down 225 tons from the previous trading day.Futures News, August 28th: Shanghai Futures Exchange (SHFE) Energy and Chemical Warehouse Receipts and Changes on August 28th: 1. Pulp futures warehouse receipts: 385,875 tons, an increase of 2,901 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,400 tons, a decrease of 120 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 95,390 tons. The total amount of crude oil futures contracts was 10,760 tons, unchanged from the previous trading day; 6. Petroleum asphalt futures warehouse receipts were 10,760 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts were 26,100 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts were 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts were 330 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts were 0 tons, unchanged from the previous trading day.Cathay Financial Holdings: It is expected that the Federal Reserve and other major central banks will adopt a more hawkish stance.

Silver Price Prediction - Silver Price Increased Due to Weak Dollar

Alina Haynes

May 12, 2022 11:03

On Wednesday, silver prices increased alongside the other precious metals. As yields decreased, the dollar declined. In spite of stronger-than-anticipated headline and core CPI reports, Benchmark rates declined today. Gold prices rose as the currency weakened.

CPI Rose Greater Than Anticipated

Wednesday, the U.S. Labor Department revealed April's CPI. The headline CPI came in at 8.3%, slightly lower than March but higher than the 8.1% experts had predicted. The study also revealed that the core CPI, excluding food and energy, rose by 6.2% year over year, which was greater than anticipated. The month-over-month growth also exceeded projections. The Bureau of Labor Statistics (BLS) stated that April inflation grew 0.3% on the headline CPI, compared to the 0.2% expected, and 0.6% on the core CPI, compared to the 0.4% expected gain.

Technical Evaluation

After falling, silver prices recovered, reclaiming short-term support near the September lows at 21.42.

 

Near the 20-day moving average of 23.52, there is observed to be resistance. The 20-day moving average has fallen below the 50-day moving average, indicating a medium-term decline. As indicated by the fast stochastic crossover buy signal, near-term momentum has turned positive. Prices are oversold since the fast stochastic is displaying a value of 13 below the oversold threshold of 20.

 

The medium-term momentum has become negative as the histogram and MACD both print in a negative direction (moving average convergence divergence). The MACD histogram is moving in a negative direction, reflecting the downward trend in price movement.

 

image.png 


Suggestion