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On March 22nd, Luo Zhiheng, Chief Economist of Yuekai Securities, stated that in the long run, favorable factors supporting gold prices remain. The current plunge in gold prices is not a signal of the end of the bull market, but rather a deep correction during an upward trend. First, global geopolitical risks have become the norm. The Trump administrations foreign policy has led to an increase in the frequency of conflicts and exacerbated chain reactions, which will continue to weaken the credibility of the US dollar. Second, non-US central banks willingness to purchase gold remains strong, which is expected to continue to push up the central price of gold. Under the new normal of geopolitical risks, increasing gold holdings has become an important option for non-US central banks to cope with sanctions risks and enhance financial security. Emerging market central banks are particularly active, and there is still considerable room for reserve growth. Third, if global economic risks shift from "inflation" to "stagnation," gold prices are expected to be supported. High global energy prices, on the one hand, directly erode residents actual consumption power, and on the other hand, may suppress demand and curb inflation by forcing monetary policy tightening, ultimately potentially leading to economic downturn or even recession. In a "stagnation" environment, the strategic value of gold will be further highlighted.March 22 – At the China Development Forum 2026 held today, Finance Minister Lan Foan stated that over the next five years, investment in peoples livelihoods will be increased, and the proportion of public service expenditures in fiscal spending will be appropriately raised. Lan Foan stated that during the 14th Five-Year Plan period, my countrys fiscal investment in peoples livelihoods approached 100 trillion yuan, accounting for over 70% of fiscal expenditures, promoting the construction of the worlds largest education system, social security system, and healthcare system. In the next five years, the proportion of government investment in livelihood-related areas will be increased, expanding development space while meeting peoples needs.The South Korean government has appointed Hyun-Song Shin, an economic advisor at the Bank for International Settlements, as the governor of the Bank of Korea.The China Earthquake Networks Center officially reported that a 6.2-magnitude earthquake occurred in the Tonga Islands (15.25 degrees south latitude, 172.75 degrees west longitude) at 14:15 on March 22, with a focal depth of 10 kilometers.March 22 – The China Development Forum Annual Meeting 2026 opened this morning in Beijing. More than 100 representatives from international organizations, Fortune Global 500 multinational corporations, and the global business community attended the opening ceremony. During the forum, they will engage in in-depth exchanges and discussions on hot topics such as new forms of consumption, artificial intelligence, and the opening up of the service sector.

The silver market remains vulnerable, according to the silver price forecast

Daniel Rogers

Aug 05, 2022 15:11

 截屏2022-08-04 下午5.12.51_1024x576.png

 

The 50 Day EMA proved to be a little difficult to climb above despite the early-session rally in silver prices, which was pretty considerable. The $20.50 level is also a concern, so there is a significant degree of resistance in all of this. I believe that we now have a number of issues to resolve, not the least of which will be the release of the non-farm payroll figures during the Friday session.

 

I believe that the silver market will begin to decline pretty quickly if we go below the bottom of the Wednesday session. In that case, it is probable that the Federal Reserve will make the final decision about what should take place. The bond markets and rates will continue to alarm traders, and this will have a significant impact on their behavior with precious metals. In the end, this market is susceptible to greater yields and, naturally, a stronger US currency. That may very well be the case if the jobs figure is hotter than expected.

 

On the other hand, it's feasible that we may witness a significantly greater rise if the market were to break over the $20.50 threshold. The 200 Day EMA, which is now just below the $22.50 level, as well as the $22 level are likely to come into play if that were to happen. In either case, I believe we are going to witness a shocking action. Having said that, bear in mind that we have been in a decline for some time, making it seem like the simpler course to follow.

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