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On September 5th, NIO officially announced on its Weibo account that its battery swapping station at the Qimen Low-Carbon Science and Technology Park in Huangshan City went online, marking NIO Energys achievement of county-level battery swapping coverage in Anhui Province. This also signifies the full realization of county-level battery swapping coverage in the Yangtze River Delta region. NIO Energy has built a total of 216 battery swapping stations in Anhui, covering all 104 districts and counties in the province. In the Yangtze River Delta region, NIO Energy has built a total of 1,412 battery swapping stations, covering 303 districts and counties, establishing a high-speed battery swapping network across the Yangtze River Delta urban cluster. To date, NIO has built a total of 9,317 charging and battery swapping stations nationwide, including 4,067 battery swapping stations, 5,250 charging stations, and 30,272 charging piles, ranking first in the industry in terms of both battery swapping station and charging pile construction.According to Reuters, a convoy carrying U.S. Presidential Envoy Witkov, Trumps son-in-law Jared Kushner, and Dmitriev has left the airport for Moscow.September 5th - According to air traffic control information, the US plane carrying US Presidential Envoy Witkov and Trumps son-in-law Jared Kushner entered Russian airspace at noon local time on September 5th. A motorcade welcoming the US representatives had entered Moscows Vnukovo Airport. US President Trump confirmed on September 4th that his special envoys Witkov and Kushner would visit Russia and Ukraine, bringing a plan to "end the war." Answering reporters questions at the White House, Trump said the Ukraine crisis "must be resolved." He added that sending Witkov and Kushner to Moscow and Kyiv "to see if we can achieve anything," and "its very likely well reach an agreement."September 5th - Due to recent heavy rainfall, flooding has occurred in many areas of Jiangxi Province, including Nanchang and Jian. On September 5th, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response. To implement the important instructions of General Secretary Xi Jinping on flood prevention and disaster relief, and based on the "National Natural Disaster Relief Emergency Plan" and the disaster losses in Jiangxi Province, the National Development and Reform Commission has urgently allocated 20 million yuan from the central budget to support Jiangxi Province in post-disaster emergency recovery efforts following the rainstorm and flood disaster. The funds will primarily be used for the emergency reconstruction of damaged roads, water conservancy infrastructure, and public service facilities such as schools and hospitals in the disaster area, promoting the rapid restoration of normal production and living order.September 5th - According to the latest data released by the Shenzhen Real Estate Intermediary Association, in August, Shenzhen saw 3,467 new homes sold, a 23.0% decrease month-on-month but a 4.8% increase year-on-year; 5,108 existing homes were sold, a 2.3% decrease month-on-month but a 7.6% increase year-on-year. From January to August this year, approximately 48,400 existing homes were sold in Shenzhen, a 4.7% increase year-on-year.

Silver Price Analysis: XAG / USD is on the verge of dropping below $21.00.

Alina Haynes

Mar 07, 2023 11:49

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XAG / USD fails to extend last Friday's rally, retreats from weekly highs of around$21.30, and falls 0.92 percent, or 0.20 cents, in Monday's session. The XAG / USD is currently trading at $21.02, down from its starting price. After testing the daily low on February17, which turned into resistance at$21.18, the XAG / USD spot price declined, as bears eye $20.00. The XAG / USD must, however, overcome the $21.00 obstacle on its journey south. The March 3 low of $20.84 and the March 1 low of $20.68 would serve as the XAG / USD next supports after they are gone. The Yearly low of $20.43 would be revealed if the latter was breached.

 

The Relative Strength Index (RSI) has rounded the curve and is now aiming downward after emerging from oversold circumstances. This indicates that sellers are gaining traction, which is further supported by the Rate of Change (RoC), as purchasing demand is waning.

 

As an alternate possibility, the XAG/USD first resistance would be the March 6 peak at $21.30. Silver may rise toward the 20-day Exponential Moving Average (EMA) at $21.50 once investors retake that mark before falling to the 200-day EMA at $21.85.