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On April 27, local time, Russian Presidents Press Secretary Peskov said in an interview broadcast by Russian media that many of US President Trumps views on the Ukrainian conflict are basically consistent with Russias position. Peskov said that the work of resolving the Ukrainian issue is still in progress, but it cannot be done in an open way.On April 27, the spokesperson of the State Administration for Market Regulation answered questions from reporters about the Cheung Kong Ports transaction. A reporter asked: According to the Wall Street Journal report on April 16, Cheung Kongs sale of overseas ports will be split into two transactions to continue. What is the comment of the State Administration for Market Regulation? Answer: We pay close attention to the relevant transactions and will review them in accordance with the law. The parties to the transaction shall not circumvent the review in any way, and shall not implement the concentration before approval, otherwise they will bear legal responsibility.On April 27, the Russian Ministry of Defense reported that from 23:00 on April 26 to 4:00 a.m. on April 27, Moscow time, the Russian air defense system shot down and intercepted 5 Ukrainian drones in Bryansk Oblast. On the morning of the 27th, two more Ukrainian drones were shot down in the Crimea region. The Ukrainian Air Force reported on the 27th that from 21:00 on April 26 to the early morning of April 27, local time, the Russian army launched a total of 149 drones at Ukraine. As of 9:00 a.m. on April 27, local time, the Ukrainian army confirmed that 57 drones had been shot down.The Vancouver police in Canada said that they believe this incident was not an act of terrorism. Earlier, someone drove a car into a crowd in Vancouver, Canada, causing many deaths and injuries.According to RIA Novosti: Russian military commanders told Russian President Vladimir Putin that the remnants of Ukrainian troops scattered in Russias Kursk region will soon be eliminated.

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.