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On February 27, according to the Wall Street Journal, Microsoft is pushing the Trump administration to relax and simplify the system that restricts the sale of cutting-edge American artificial intelligence chips to much of the world. Microsoft officials said that Microsoft will call on the Trump team in a blog post published on Thursday to relax restrictions on chips used by data centers to train artificial intelligence models so that they no longer apply to US allies including India, Switzerland and Israel. These countries belong to the second level of the three-level export control system. The previous administration proposed chip control rules in the last few days of Bidens term. The Trump team is currently reviewing the rules and considering feedback from industry groups before deciding how to move forward. According to people familiar with the matter, government officials are weighing measures to strengthen restrictions while simplifying export control rules. Another company that expressed its opinion was Nvidia, which called the proposed rules a "comprehensive overreach."Market News: India considers tax cuts on automobiles and chemicals as US President Trumps tariff policy approaches.On February 21, JPMorgan Chases holdings in Bilibili (09626.HK) fell from 6.56% to 5.95%.According to the Wall Street Journal: Microsoft will call on the Trump team to relax restrictions on chips that can be used to train artificial intelligence models in data centers.According to the Wall Street Journal: Microsoft urged US President Trump to overhaul export restrictions on artificial intelligence chips.

Analysis of the Silver Price: 100-SMA and immediate resistance line probing XAG/USD buyer below $24.00

Daniel Rogers

Feb 01, 2023 15:28

 截屏2022-06-06 下午5.54.42.png

 

During early Wednesday's lethargic Asian session, the silver price (XAG/USD) fluctuates near the mid-$23.00s.

 

In doing so, the precious metal battles to defend yesterday's comeback from $23.00, the first positive day in four, while retreating from the 100-bar Simple Moving Average (SMA), which was approximately $23.70 at the time of publication.

 

The sluggish MACD indications that threaten Tuesday's corrective bounce also give the XAG/USD bears reason for optimism.

 

Notably, the metal's prolonged run-up over the $23.70 barrier may not be enough to satisfy Silver buyers, as a downward-sloping resistance line from January 16 near $23.85 threatens the metal's gains.

 

In addition, the $24.0 round number acts as a barrier to the upside; a breach of this level might accelerate the XAG/USD price to the previous monthly high near $24.55.

 

On the other hand, silver's retracement actions emphasize the $23.00 round number ahead of the previous weekly bottom near $22.75.

 

In the event that XAG/USD bears maintain control beyond $22.75, the December 2022 low around $22.00 will be in focus.

 

Despite recent fails to surpass important short-term obstacles, the Silver price remains on the radar of investors.


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