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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Analysis of the Silver Price: XAG/USD declines toward $18.30 crucial support

Alina Haynes

Oct 21, 2022 14:58

 截屏2022-09-23 下午2.30.27.png

 

During Friday's Asian session, the silver price (XAG/USD) declines from its weekly high to $18.60, inching closer to the major trend line support. In doing so, the precious metal pares yesterday's gains while positioning itself for a favorable weekly close.

 

However, the metal's inability to breach the 50-SMA during the previous day's rally, combined with the steady RSI (14) keeps sellers optimistic.

 

As a result, the XAG/USD exchange rate may attempt for the fourth consecutive time to breach the upwardly sloping support line from early September, which was at $18.30 at press time.

 

Notably, the death cross on the four-hour chart lends power to the metal's bearish bias, suggesting a clear break of the $18.30 support, which in turn might push the price towards the yearly low around $17.55.

 

The death cross occurs when the 50-SMA falls below the 200-SMA and is often advantageous for sellers. Notable also is that the lows established in October and late September, around $18.00, could serve as additional downside filters for silver bears to monitor.

 

In the meantime, recovery moves must not only surpass the 50-SMA hurdle of $18.80 but also remain above the 200-SMA level of $19.23 in order to satisfy buyers.