EUR/USD 1.17092
-0.103%
Gold 4339.50
0.156%
Oil 56.513
1.153%
USD/JPY 157.685
1.371%
GBP/USD 1.33734
-0.060%
GBP/JPY 210.883
1.325%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

Forecast of the Silver Price – Silver Markets Continue to Exhibit Trepidation

Alina Haynes

May 31, 2022 14:48

 截屏2022-05-31 下午2.37.10.png

Analysis of the Silver Markets 

Keep in mind that Monday was Memorial Day in the United States, despite the fact that silver markets originally rose during Monday's trading session. Due to this, liquidity would have been problematic. Nonetheless, it appears that the $22 region continues to provide substantial resistance, just as it did in the past. On Friday, we ended up generating a gigantic shooting star, which is a really terrible appearance. If the $22 level is breached, it is likely that there will be further losses; this is especially true if the $21.75 level is breached.

 

On the plus side, if we were to surpass the $23 mark, it would signal a substantial reversal and open the door to future increases. We would need to witness some slowdown in the dollar's gain, if not a total reversal. At this point, it does not appear likely, thus I believe it will only be a matter of time before silver prices fall again. Also keep in mind that the industrial demand for silver is projected to decline in the near future, which will have a big impact on the price.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads beginning at 0 pips and commissions of $3.50 every 100k traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

The $21 level is a potential downside target, but I honestly believe silver has further to fall if it truly begins to unravel. Keep in mind that silver is far more sensitive to negative pressure than gold when metal prices begin to decline. I feel that silver is currently poised to resume its longer-term downturn, but I will continue to monitor price activity nonetheless.


Suggestion