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On September 15th, data from the National Bureau of Statistics showed that in August, the year-on-year decline in new residential property prices in first-tier cities was 0.9%, a decrease of 0.2 percentage points compared to the previous month. Specifically, prices in Beijing, Guangzhou, and Shenzhen fell by 2.3%, 1.9%, and 2.3% respectively, while Shanghai saw an increase of 3.0%. In second- and third-tier cities, the year-on-year declines in new residential property prices were 2.7% and 4.1% respectively, both narrowing by 0.1 percentage points. In August, the year-on-year decline in existing residential property prices in first-tier cities was 2.7%, a decrease of 1.0 percentage point compared to the previous month. Specifically, prices in Beijing, Shanghai, Guangzhou, and Shenzhen fell by 3.5%, 0.8%, 3.8%, and 2.7% respectively. In second- and third-tier cities, the year-on-year declines in existing residential property prices were 4.9% and 5.6% respectively, both narrowing by 0.2 percentage points.New Residential Housing Prices: 1. Beijing: August new residential housing prices -0.2% month-on-month (previous value -0.3%), -2.3% year-on-year (previous value -2.3%). 2. Shanghai: August new residential housing prices +0.4% month-on-month (previous value +0.2%), +3.0% year-on-year (previous value +3.0%). 3. Guangzhou: August new residential housing prices +0.1% month-on-month (previous value +0.1%), -1.9% year-on-year (previous value -2.2%). 4. Shenzhen: August new residential housing prices +0.2% month-on-month (previous value +0.2%), -2.3% year-on-year (previous value -2.9%). Second-hand Residential Housing Prices: 1. Beijing: August second-hand residential housing prices -0.1% month-on-month (previous value 0.0%), -3.5% year-on-year (previous value -4.5%). 2. Shanghais existing home prices in August increased by 0.3% month-on-month (previous value +0.3%) and decreased by 0.8% year-on-year (previous value -2.0%). 3. Guangzhous existing home prices in August remained unchanged month-on-month (previous value +0.4%) and decreased by 3.8% year-on-year (previous value -4.7%). 4. Shenzhens existing home prices in August increased by 0.1% month-on-month (previous value +0.2%) and decreased by 2.7% year-on-year (previous value -3.6%).National Bureau of Statistics: Beijings second-hand housing prices in August decreased by 0.1% month-on-month (previous value +0%) and decreased by 3.5% year-on-year (previous value -4.5%).According to the National Bureau of Statistics, the price of second-hand residential properties in Shenzhen rose 0.1% month-on-month in August (up 0.2% in the previous month) and fell 2.7% year-on-year (down 3.6% in the previous month).September 15th - The 2026 China Carbon Market Conference was held in Wuhan, Hubei Province this morning, and the "National Carbon Market Development Report (2026)" was released at the conference. Reporters learned that as of the end of August, the national carbon emission trading market had accumulated transactions exceeding 900 million tons, with a transaction value exceeding 60 billion yuan. The national carbon market has grown from nothing to a significant stage, playing a crucial role in promoting the achievement of carbon peaking and carbon neutrality goals.

Despite recent retreat to $25.00, XAG/USD investors are in the driver's position, according to Silver Price Analysis

Daniel Rogers

Apr 06, 2023 11:45

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Following a volatile Wednesday that initially reaffirmed a one-year high before registering a daily loss, the silver price (XAG / USD) oscillates around $25.00 in the early hours of Thursday.

 

In doing so, the precious metal justifies the overbought RSI (14) while falling below a resistance line with an upward slope from April 2022.

 

Wednesday evening's quotation, however, signaled a corrective rise. The inability of the XAG/USD to overcome a three-month-old key support and previous resistance around $24.55-65 may be related. Moreover, the optimistic MACD signals support the rebound.

 

Therefore, unless it falls below $24.55, the price of silver is likely to remain stable.

 

Even if the price breaches the stated resistance-turned-support, a rising support line from mid-March near $24.05 can act as an additional filter to the south.

 

In the meantime, it may be difficult for recovery movements to surpass the multi-day-old resistance line near $25.30 as of press time.

 

In the event that the Silver price disregards the overbought RSI and breaches the aforementioned resistance level of around $25.30, the April 2022 high of around $26.25 may function as a stop during the probable run-up to the previous annual peak of $26.95.

 

Overall, the Silver price remains bullish despite the most recent decline. However, the metal's northward journey is likely to continue to be lengthy and turbulent.