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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.

Silver Price Analysis: A positive expanding pattern helps XAG / USD move higher

Alina Haynes

Mar 01, 2023 11:47

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Silver is making a recovery after hitting new YTD lows at $20.43 per troy ounce and is rising toward the $20.80 region as Wall Street ends. At the moment of writing, the white metal is up 1.30% and is currently selling at $20.89.

 

Fundamental factors like a strong US Dollar (USD), up 0.32% per the US Dollar Index, and increasing UST yields put a stop to silver's rise. Despite this, Silver reached a daily high of $21.00 before partially reversing its gains.

 

Technically speaking, XAG / USD is developing a bullish engulfing candle pattern, which would accentuate a rise above $21.00, but it is still a long way from altering Silver's preference.

 

Tuesday's advances were supported by the Relative Strength Index (RSI), which emerged from depressed conditions at 30, and the Rate of Change (RoC), which shows that prior selling pressure is abating.

 

For a positive resumption, the XAG / USD must overcome the psychological $21.00 threshold. Once completed, that would open the door to challenging the 20 and 200-day Exponential Moving Averages (EMAs) at $21.82 and $21.89 a silver ounce, respectively, before testing the 100-day EMA at $22.09.

 

On the other hand, the XAG / USD next support would be $20.43, which, once crossed, would keep buyers in control and expose the white metal to new YTD lows. Prior to trying the daily low of $18.84 on November 3, the psychological $20.00 level would be the next floor.

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