EUR/USD 1.17080
-0.295%
Gold 4739.78
0.419%
Oil 91.596
2.167%
USD/JPY 159.480
0.066%
GBP/USD 1.35072
0.000%
GBP/JPY 215.418
0.079%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On April 23, TSMC showcased its latest generation of chip manufacturing technologies, stating that it expects to produce smaller, faster chips without relying on ASMLs expensive new machines. TSMC, which manufactures chips for numerous companies including Nvidia, Apple, and Google, demonstrated two improvements to its chip manufacturing technologies: one called A13, slated for production in 2029 and potentially used in AI chips; and the other called N2U, a more economical option for manufacturing chips for mobile phones, laptops, and AI devices. For all the technologies TSMC showcased on Wednesday, the company plans to leverage the potential of its existing extreme ultraviolet (EUV) lithography machines from its Dutch supplier ASML, rather than moving to the next-generation high numerical aperture (High-NA) EUV machines, which cost up to $400 million each—approximately twice the cost of the older machines. Kevin Zhang, TSMCs Chief Operating Officer and Senior Vice President, stated, "I think this is where our R&D department has done a really good job of utilizing existing EUV technology while setting an aggressive technology miniaturization roadmap. Thats definitely an advantage."The Teams connectivity issue for Microsoft (MSFT.O) 365 has been resolved.Hang Seng Index futures closed up 0.03% at 26,169 points in overnight trading, a premium of 6 points.U.S. Treasury Department: In the latest two-week reporting period, investment funds purchased $42.81 billion of 3-year Treasury securities maturing on April 15, 2029, compared with $36.931 billion in the previous month.The U.S. Treasury Department reported that in the latest two-week reporting period, investment funds purchased $28.103 billion in 10-year Treasury securities maturing on February 15, 2036, compared to $25.559 billion in the previous month. Foreign investors purchased $6.834 billion in 3-year Treasury securities maturing on April 15, 2029, compared to $8.092 billion in the previous 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.


Suggestion