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Audis electric vehicle deliveries fell 6.3% to 95,016 units in the first half of 2026.Next week sees the release of Q2 earnings reports, with several major stocks including JPMorgan Chase (JPM.N), Morgan Stanley (MS.N), Citigroup (CN), Goldman Sachs (GS.N), Netflix (NFLX.O), and TSMC (TSM.N) releasing their results. On the economic data front, Chinas Q2 GDP annual rate, June trade balance, and June industrial output data will be released; US June CPI, PPI, and ADP nonfarm payrolls will also be available. Furthermore, the State Council Information Office will hold a press conference next week on the performance of the national economy in the first half of 2026; the Federal Reserve will release its Beige Book; and several Federal Reserve officials will speak next week. Please stay tuned. For a complete earnings calendar, please check the calendar section of the US-Hong Kong Telecom APP. Click to view...On July 10th, the Ministry of Industry and Information Technology released the proposed list of models for the "Catalogue of Energy-Saving and New Energy Vehicle Models Eligible for Vehicle and Vessel Tax Reduction and Exemption" (88th batch), which includes models such as the Xiaomi Pengcheng N70 and Xiaomi Pengcheng N90.On July 10th, R&F Properties (02777.HK) released its unaudited operating data for June 2026. The announcement showed that the Groups total sales revenue in June 2026 was approximately RMB 2.37 billion, with a sales area of approximately 679,100 square meters; cumulatively, as of the end of June 2026, total sales revenue was approximately RMB 7.35 billion, with a sales area of approximately 1,187,500 square meters.BMWs sales of all-electric vehicles increased by 5.2% year-on-year in the second quarter.

Analysis of the Silver Price: XAG/USD falls toward weekly support under $23.50

Daniel Rogers

Jan 11, 2023 11:57

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The silver price (XAG/USD) remains below $23.60 among Wednesday's weak markets. In doing so, the precious metal falls for a third straight day, despite slight gains.

 

However, the continuous trading below the 200-Hour Moving Average (HMA) gives sellers reason for optimism. Even yet, the positive MACD indications and largely stable RSI (14) suggest that downside potential is constrained.

 

The XAG/USD appears to be supported by an upward-sloping support line from last Thursday, which, as of press time, is located near $23.50.

 

In the event that sellers of Silver are able to overcome the $23.50 support level, the $23.11 monthly low and the $23.00 round number will receive significant attention.

 

Nonetheless, the $22.50 level promises to be a formidable obstacle for XAG/USD bears going forward, since it contains the June 2022 high and the December low.

 

In the meantime, an upside clearance of the 200-HMA, at $23.80 at the latest, is insufficient for the Silver buyer's conviction, as a downward-sloping resistance line from January 03, near $23.90, will test the quote's further gains.

 

Also acting as a barrier to the upside is the $24.00 round number, a breach of which could swiftly lead prices to challenge the current monthly high of $24.55.