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March 14th - Before the outbreak of the war with Iran, large quantities of Russian oil were stockpiled on tankers at sea, typically sold at extremely low prices. However, this situation changed rapidly as the conflict with Iran limited the supply of unsanctioned crude oil. Analysts at ship tracking data provider Kpler estimated that approximately 135 million barrels of Russian crude oil were at sea before the start of "Operation Epic Fury." As of Friday, this figure had dropped to 121 million barrels, indicating that Asian buyers quickly snapped up Russian crude oil and shipped it ashore. It is unclear exactly how much of this crude oil has been sold, but Kpler senior crude oil analyst Navin Das estimates that an average of over 4 million barrels of Russian crude oil have been unloaded at ports daily this month.Bank of America analyst Michael Hartnett warned that a further decline in the S&P 500—to around 6,600 points, just 1% below recent levels—could trigger a policy response from the White House or the Federal Reserve.Zelensky of Ukraine: Understandably, the worlds attention has turned to the Middle East, which is not good for Ukraine.On March 13, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, held a telephone conversation with Afghan Foreign Minister Mutaqi at the latters request. Wang Yi stated that the more turbulent the external environment, the more regional countries should strengthen unity and cooperation to overcome difficulties and forge a path of cooperative and shared security. Afghanistan and Pakistan are inseparable brothers and neighbors that cannot be moved. Issues between the two countries can only be resolved through dialogue and consultation. Force will only complicate the situation, exacerbate conflicts, and benefit neither side, while also threatening regional peace and stability. China has always maintained an objective and impartial stance on the Afghan-Pakistani conflict. Chinas Special Envoy for Afghan Affairs is currently mediating between the two countries, hoping that both sides will remain calm and restrained, engage in face-to-face exchanges as soon as possible, achieve a ceasefire quickly, and resolve differences through dialogue. China is willing to continue making positive efforts to achieve reconciliation and ease tensions between Afghanistan and Pakistan. The two sides also exchanged views on the situation in Iran. Wang Yi reiterated Chinas principled position, stating that China is willing to work with the international community, including Afghanistan, to continue playing a constructive role in striving for peace.According to the Wall Street Journal, the amphibious assault ship USS Tripoli, based in Japan, and its accompanying marines are en route to the Middle East. Officials say marines are already in the Middle East supporting operations against Iran.

Silver Price Analysis: XAG/USD Breaks Below the 200-Day Moving Average and Extends Its Drop Below $21.90

Daniel Rogers

Feb 15, 2023 14:33

 截屏2022-06-15 下午4.06.22_1024x576.png

 

Silver price remains below the bottom-trendline of a megaphone formation and below the 200-day Exponential Moving Average (EMA) at 21.95, a bearish indication for the white metal. A daily close below the latter would open the path for more losses, it should be noted. XAG/USD trades at $21.84 per troy ounce at the time of writing, following reaching a daily high of $23.

 

After falling below the bottom trendline of a megaphone formation, the XAG/USD has been unable to rebound $22.50, exposing the 200-day exponential moving average. A daily close is required to further solidify a change in the neutral bias to neutral-downwards, and it will reveal support zones that have not been tested since December of 2022.

 

If this scenario materializes, the first support for XAG/USD would be the daily low of $20.87 from November 28, followed by the swing low of $20.59 from November 21. Once the psychological level of $20.00 was cleared, it would be up for grabs.

 

In an alternative scenario, the XAG/initial USD's point of resistance would be the 200-day exponential moving average (EMA) at $21.94, preceding the $22.00 level. Once broken, Silver might target inside the megaphone formation, but first it must break the $22.20 support trendline.

 

It should be noted that oscillators such as the Relative Strength Index (RSI) indicate a negative continuation, whereas the Rate of Change (RoC) indicates that sellers are losing momentum. Consequently, the XAG/USD may settle in the region between $21.60 and $22.00, expecting a new catalyst before establishing its direction.