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A German government spokesperson said: "Hungarys vote means that aid funds for Ukraine are expected to arrive soon."Bank of England: The central bank will improve its crisis response capabilities by updating its operating guidelines.Fitch: If the conflict in Iran continues, it will intensify domestic financing competition and raise financing costs for a longer period of time.On April 13th, the latest data from the Peoples Bank of China (PBOC) showed that the weighted average interest rate for newly issued corporate loans in March was approximately 3.1%, about 25 basis points lower than the same period last year; the weighted average interest rate for newly issued personal housing loans was also approximately 3.1%, about 6 basis points lower than the same period last year. "Overall, loan interest rates remain at a low level," industry experts analyzed. The continued low level of social financing costs is an important indicator of appropriate monetary and credit conditions, and also reflects that the effective financing needs of the real economy are being fully met. After several interest rate cuts in recent years, current corporate and household loan interest rates are already at relatively low levels. Industry experts stated that monetary policy adjustments are one-off, but their impact on the real economy is continuous. In recent years, the PBOC has taken several significant monetary policy adjustments, and a series of policy measures were introduced at the beginning of 2026. The integrated effect of existing and new policies will continue to emerge, and the key to observing the policy effects lies in focusing on the cumulative effect.Kremlin: (Regarding the Hungarian elections and the EU loan to Ukraine) This is a decision made by Brussels.

Weekly support line probes XAG/USD bears above $23.00, according to silver price analysis

Daniel Rogers

Dec 06, 2022 14:54

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Prior to Tuesday's European session, the price of silver (XAG/USD) has decreased to $22.35. Despite consolidating the largest daily loss in 10 weeks, the shiny metal is still only moderately bid.

 

It should be observed that the bullish MACD signals pose a threat to the momentum of the quote's downward.

 

Having said that, the failure to break over a one-week-old horizontal resistance region centered around $22.40-45 may be the cause of the bullion's most recent losses.

 

The XAG/USD price's immediate downside is however constrained by an upward-sloping trend line from November 29, near $22.25.

 

The 200-HMA level near $21.90 could serve as the last line of defense for the Silver bulls should the metal fail to hold against immediate support.

 

On the other hand, a break over $22.45 doesn't signal an open invitation to XAG/USD investors as a downward-sloping trend line from Monday limits further gains near $22.55. The 50-HMA level, which is close to $22.75, also serves as an upward barrier.

 

In conclusion, the Silver price is still behind between the 50-HMA and the 200-HMA, but the chances of an increase in price are greater.