Silver Price Stalls Below Key Technical Resistance at $61.85
Silver's price is consolidating below a significant confluence of technical resistance near $61.85, with multiple indicators suggesting a potential continuation of the recent downtrend.
Latest by Raj Patel
China Halts Helium Exports to Secure Domestic Supply Amid Middle East Tensions
Beijing has implemented an immediate, temporary ban on helium exports, a move aimed at safeguarding its domestic supply as renewed conflict in the Middle East threatens global availability of the critical gas.
Yen Surges as Japan Signals Pension Fund Shift to Domestic Assets
The Japanese yen strengthened significantly after reports that Tokyo may encourage its massive government pension fund to increase domestic investments, a potential new strategy to support the currency. Meanwhile, the U.S. dollar held steady, poised for a slight weekly gain as traders await key inflation data.
Yen Bearishness Hits Post-2022 Extreme on Policy Concerns, BofA Survey Finds
Investor sentiment toward the Japanese yen has fallen to its most bearish level since 2022, according to a Bank of America survey, as concerns over Japan's monetary and fiscal policy outlook overshadow the risk of currency intervention.
Bybit Launches Crypto-Linked Debit Card in Peru to Expand Latin American Footprint
Cryptocurrency exchange Bybit has introduced its virtual debit card in Peru, allowing users to spend digital assets and fiat currencies. The launch is part of the company's strategic expansion into Latin America and includes promotional offers for new users.
Bitcoin Holds Above $62,000 as Investors Weigh ETF Outflows Against Corporate Adoption
Bitcoin traded near $62,600 as investors assessed the impact of recent outflows from U.S. spot ETFs against positive long-term signals, including corporate treasury strategies and potential AI integration.
Chinese Automakers' Global EV Investment Nearly Triples US, Report Finds
Chinese automakers are set to invest nearly three times as much as their U.S. counterparts in overseas electric vehicle and battery projects between 2019 and 2025, according to a new report from think tank Atlas Public Policy.
HSBC Downgrades AstraZeneca to 'Hold' on Wainua Trial Setback, Slashes Price Target
HSBC has cut its rating on AstraZeneca to 'Hold' from 'Buy' and significantly lowered its price target, citing the failure of a key drug trial and a more challenging path to future growth.
US Central Command Says Forces Prepared to Keep Strait of Hormuz Open
U.S. Central Command stated its forces are 'positioned and prepared' to ensure freedom of navigation in the Strait of Hormuz, following an exchange of fire with Iran and Tehran's claim it had closed the vital oil chokepoint.