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On April 2, at the 100,000th Xiaopeng MONA M03 production line event, He Xiaopeng, Chairman and CEO of Xiaopeng Motors, announced that the Zhaoqing factory will officially open to the public for appointment visits in June. On the day of the event, Xiaopeng Motors also held the first "Peng Factory Open Day" owner event, where He Xiaopeng and car owners experienced the full-process intelligent manufacturing chain of the Zhaoqing factory up close.Hong Kong-listed Gu Ming (01364.HK) rose by more than 8% in early trading, reaching a high of HK$20.4 during the session, setting a new historical high.Hong Kong-listed Laopu Gold (06181.HK) fell nearly 4%. On the news front, the company plans to implement full circulation of H shares and has applied to the Hong Kong Stock Exchange Listing Committee for approval to list and trade H shares converted from 40,388,900 unlisted shares held by three shareholders of the company.Bank of Japan Governor Kazuo Ueda: As fiscal leaders gather at the IMF and G20 meetings later this month, we are likely to get more information on U.S. tariff policy, so there is a high potential for sharing views and discussing response measures among policymakers.On April 2, CITIC Prudential Commodity LOF issued a premium risk warning. As of April 1, the closing price of the fund in the secondary market was 0.941 yuan, and the transaction price showed a large premium, reminding investors to pay attention to premium risks. CITIC Prudential Commodity LOF mainly invests in commodity-related assets such as precious metals and crude oil, accounting for about 92% of the fund allocation.

Silver Price Prediction - Silver Slides as Downtrend Perpetuates

Daniel Rogers

Jun 23, 2022 11:52

截屏2022-06-15 下午4.06.22_1024x576.png 

 

Silver prices fell, defying the general upward trend in the precious metals complex. U.S. Treasury rates decreased substantially, despite a hawkish Fed Chair hearing on the hill on Wednesday. Despite the weaker dollar, silver prices remained flat.

 

A Federal Reserve Chairman, Jerome Powell, was on the hill for his two-day Humphrey Hawkins hearing, which is mandated by Congress. The head of the central bank said he is committed to reducing inflation and believes he has the tools necessary to accomplish it. Though Powell said he feels the economy is robust currently, he recognized a recession might emerge.

Analytical Methods

Silver prices dipped lower, slipping through support at the 10-day moving average of 21.58. Additional resistance is likely near the 50-day moving average at 22.44.

 

The 50-day just crossed below the 200-day moving average, which is a headwind for XAG/USD since a long-term downtrend is currently deemed in place.

 

The fast stochastic oscillator has issued a crossover sell signal, signaling a decline in short-term momentum.

 

As the histogram and MACD both print favorably, the medium-term momentum is becoming bullish (moving average convergence divergence). The trajectory of the MACD histogram is the positive region with an upward sloping trajectory that signals to higher prices.


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