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Express News | Trump announces extension of ceasefire with Iran
Institutions indicate that silver may be overvalued, with a reasonable price potentially at only 40 US dollars.
Recently, volatility in the global precious metals market has intensified. As a precious metal highly correlated with gold, silver's price movements have drawn significant market attention. The current silver price has gradually found support within the range of $78 to $80 per ounce, showing relatively stable performance. However, behind this seemingly calm situation lies the potential risk of a sharp correction. In its latest precious metals research report, Commerzbank explicitly questioned the current valuation of silver prices while providing forecasts for future price trends, sparking widespread market attention. The stabilization of silver prices within a key range has prompted institutions to warn about the risk of overvaluation. So far, international silver prices have generally shown signs of stabilizing.
Technical Analysis Report for April 22: Spot Gold, WTI Crude Oil Futures
This article compiles the latest insights from analysts at Economies.com, covering a range of products including spot gold and WTI crude oil futures!
Iran rejects negotiations! Trump announces extension of ceasefire, maintaining maritime blockade while awaiting Iran's proposal.
Trump stated that, in light of the 'serious divisions' within the Iranian government, the U.S. has decided to extend the ceasefire until Iran presents a unified negotiation proposal and completes the negotiations. During this period, the U.S. military will continue to enforce a maritime blockade against Iran while maintaining a state of military readiness.
Huatai Futures: Trump extends ceasefire period again; silver maintains volatile pattern
On April 22, Glodon News reported that Trump extended the ceasefire period once again, causing the market to shift focus to trading TACO; demand for gold investment may see a slight increase. Currently, the logic for silver is similar to that of gold, and its price is also expected to remain in a volatile pattern.
Materials Down as U.S. Dollar Gains -- Materials Roundup