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On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on strengthening industrial and information technology quality work in 2026. The notice emphasizes strengthening quality supervision and management. It calls for collaborative efforts in central quality and food safety assessments, cooperation in national product quality supervision and spot checks, and conducting quality inspections of key products such as lithium batteries, photovoltaic modules, civilian explosives, and radio transmitting equipment. It also stresses strengthening supervision and inspection of the consistency of production of road motor vehicles. Furthermore, it encourages e-commerce platforms to issue self-declarations of product quality, increases the intensity of spot checks, and enhances consumers ability to distinguish quality. Finally, it emphasizes leveraging the role of public quality supervision, advocating for the concept of "high quality, high price," and effectively protecting consumers legitimate rights and interests.On April 13th, the General Office of the Ministry of Industry and Information Technology issued a notice on improving industrial and information technology quality in 2026. The notice proposes implementing differentiated policies to promote the quality improvement of key products in the manufacturing industry. It calls for promoting the development of quality grading standards for key products in key industries, and improving the mechanisms for releasing and accepting quality grading standards. It also calls for developing and releasing industry standards for raw materials, testing methods, and technical specifications, promoting higher mandatory standards in key materials fields, advancing green building materials product certification, and improving the quality and efficiency of raw materials. Furthermore, it emphasizes accelerating the construction of high-level intelligent factories and strengthening the development of scenarios for precise quality traceability, quality analysis, and improvement. Finally, it stresses strengthening research on major technological equipment and system integration innovation, and promoting the research, revision, and application of standards for key products in the equipment sector to improve the quality level of equipment products.On April 13th, the General Office of the State Council issued the "Several Measures on Accelerating the Construction of a Hierarchical Medical System." This morning, the State Council Information Office held a regular policy briefing to interpret the document. Zheng Zhe, Vice Minister of the National Health Commission, stated that the Commission will work with relevant departments to implement financial subsidies for medical and health institutions that conform to regional health planning, improve the salary system to meet the development requirements of closely integrated medical consortia, promptly include eligible primary healthcare institutions in the medical insurance designated provider management system, and optimize policies such as differentiated payment for basic medical insurance and medical service pricing to provide stronger guarantees for hierarchical medical services.The CIA used Israeli-made Pegasus software to conduct a deception operation in Iran to rescue a downed American pilot. This spyware, widely used by the CIA, is primarily used for hacking devices, eavesdropping on communications, and secretly collecting data.BEIJING, April 13 (Xinhua) -- Vietnams National Assembly Office announced on April 12 that, in order to stabilize domestic oil prices, it has decided to extend the suspension of fuel tax collection from the previously announced April 15 to the end of June. According to the statement from the National Assembly Office, the National Assembly has passed a resolution to continue the suspension of environmental protection tax and special consumption tax on fuel consumption. The Vietnamese government had previously announced the suspension of environmental taxes and special consumption tax on gasoline, diesel, and aviation fuel from March 27 to April 15. The Ministry of Finance stated that this would reduce national revenue by 7.2 trillion VND (approximately US$273 million) per month.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.