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On November 15th, the State Administration for Market Regulation (SAMR) drafted the "Guidelines for Anti-Monopoly Compliance of Internet Platforms (Draft for Public Comment)," which was released for public comment. To help platform operators better identify anti-monopoly compliance risks and enhance the readability and vividness of the provisions, the "Guidelines," drawing on anti-monopoly regulatory enforcement experience, lists eight risks for platform operators using examples: algorithmic collusion between platforms, organizing and assisting platform operators in reaching monopoly agreements, unfair pricing by platforms, selling below cost by platforms, account blocking, "choose one of two" practices, "lowest price across the entire network," and platform discrimination. These eight risk examples provide clear indications of monopoly risks in specific scenarios for internet platforms, covering various platform operations such as data transmission, algorithm application, service pricing, search ranking, recommendation display, traffic allocation, and subsidies. Platform operators are encouraged to proactively conduct risk assessments and self-checks based on the risk examples listed in the "Guidelines" to avoid the anti-monopoly compliance risks mentioned in the examples. However, determining whether an act constitutes a monopolistic act prohibited by the Anti-Monopoly Law requires investigation, evidence collection, analysis, and argumentation based on the Anti-Monopoly Law and related regulations before a conclusion can be reached.The Dow Jones Industrial Average closed down 309.74 points, or 0.65%, at 47,147.48 on Friday, November 14; the S&P 500 closed down 3.38 points, or 0.05%, at 6,734.11; and the Nasdaq Composite closed up 30.23 points, or 0.13%, at 22,900.59.Federal Reserve Governor Milan: A December rate cut is very appropriate. Recent data strengthens the case for a rate cut.The U.S. Bureau of Economic Analysis: U.S. international trade data for goods and services for August 2025 will be released on November 19.Federal Reserves Logan: The economy is benefiting from investments related to artificial intelligence.

Silver Price Analysis: XAG/USD is at a weekly bottom, and bulls are losing control below $24.00

Daniel Rogers

Jan 18, 2023 14:54

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Silver rebounds from the weekly low reached during Wednesday's Asian session and is currently in neutral zone, just below the $24.00 round-number mark.

 

Technically speaking, the price activity over the past month or so has formed an ascending channel, indicating a short-term positive trend. Moreover, the XAG/USD has been able to maintain a comfortable position above the 200-period SMA on the 4-hour chart. This, in turn, favors bullish traders and enhances the likelihood of further near-term increases.

 

Nevertheless, oscillators on the daily chart have been losing traction, while oscillators on the 4-hour chart have just begun drifting into negative territory. Therefore, any intraday advance is more likely to encounter resistance in the vicinity of $24.30, followed by the multi-month top in the vicinity of $24.50. Before putting further wagers, bulls may wait for persistent strength beyond the aforementioned obstacles.

 

The XAG/USD may then climb to challenge the upper limit of the aforementioned trend channel, which is now located in the vicinity of $24.80-$24.85. Some subsequent buying over the $25.00 psychological level will signal a new breakout and open the way for a near-term advance. This, in turn, might propel the precious metal to the next significant barrier in the vicinity of $25.35-$25.40.

 

On the other side, the 200-period SMA on the 4-hour chart, which is currently approaching $23.45, is expected to safeguard the immediate downside ahead of the trend-channel support near $23.30-$23.25. A convincing break below this level might make the XAG/USD susceptible to further declines below the $23.00 level and to the $22.60-$22.55 support region en route to the $22.10-$22.00 region.


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