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On August 9th, local time, Ukrainian President Volodymyr Zelenskyy posted on his official social media platform that the Ukrainian Constitution has clearly defined the countrys territorial issues. "The Ukrainian Constitution already has an answer to Ukraines territorial issues. No one will and cannot deviate from this. Ukrainians will not hand over their land to occupiers." Zelenskyy emphasized that the Ukrainian people deserve peace, but all partners must understand that true peace must be built on dignity. He stated that Ukraine is ready to take concrete actions to achieve peace, but any so-called "solution" that goes against Ukraines interests and excludes Ukraines participation is a "dead plan against peace" and will not work. Ukraine needs a "real, lasting peace that is respected by the people" and is willing to work with Trump and all partners to achieve a real and lasting peace.Ukrainian President Zelenskyy: Ukraine cannot violate the constitution on its territory. Ukrainians will not hand over their land to occupiers. Any solution without Ukraines participation is anti-peace.On August 9, Bill Borum, honorary chairman of Sister Cities International, an organization that unites sister cities in the United States, said that the organization plans to restore contact with its Russian partners.US President Trump: Russia-Ukraine peace agreement will include territorial swaps to "benefit both sides."Axios, citing Ukrainian and European officials, expressed concern that Trump would approve unacceptable peace terms.

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.


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