Tuesday (April 14) sub-session, spot silver at $15.531 an ounce, the day silver prices continued to shock up, began to shock down, and now continue to maintain this trend.
Analysts pointed to future inflation as the biggest reason for potential buying in precious metals. Inflation is seen as favouring precious metals and buying them is seen as a safe store of value when price pressures rise. Bulls are “sharpening” to prepare for a new round of attacks, precious metals or usher in a bigger outbreak.
Major Wall Street indexes slipped as U.S. companies entered earnings season, with earnings expected to be hit by a new outbreak. Meanwhile, central Banks announced support measures to mitigate financial losses as the covid-19 outbreak continued to spread around the world, forcing countries to extend lockdowns.
In terms of epidemic situation, Worldometers world real-time statistics show that as of 11:24 Beijing time on April 14, global COVID 19 cumulative confirmed cases of 1,925,151 cases, cumulative deaths of 119,699 cases, a cumulative cure of 445,017 cases. The United States had the highest number of confirmed COVID 19 cases in the world, with 587,155 cases, 23,644 deaths and 36,948 cures.
Other countries, Spain COVID – 19 accumulative total of 170099 cases of the patients, Italy has confirmed 159516 cases, Germany has confirmed 130072 cases, confirmed 136779 cases of France, and Iran has confirmed 73303 cases, the diagnosis of 88621 cases, Turkey has confirmed 61049 cases, Switzerland has confirmed 25688 cases, Belgium has confirmed 30589 cases, the Netherlands confirmed 26551 cases, Canada has confirmed 25680 cases, Australia has confirmed 6366 cases, A total of 1,366 cases have been confirmed in New Zealand.
At 8 am Beijing time on April 14, the real-time outbreak data map of Johns Hopkins university in the United States showed that the global cumulative number of confirmed COVID 19 cases exceeded 2 million, up to 2,019,320, which was reported by many mainstream media around the world. But then the figure fell back below two million. To this, the reporter contacted the outbreak data website core members to understand the situation. According to the member, the fluctuation in the data is due to the data source in the state of Florida in the United States having problems with manual input. According to the member, corrections have been made to Dashboard and GitHub. Now the system is back to normal.
On the daily chart, the dollar index maintained the recent pullback trend, the MACD green momentum column slightly expanded, the KDJ random index continued to decline, indicating the dollar to strengthen downward momentum, continue to extend the decline.
On the 4-hour chart, the dollar index showed a fairly narrow range of pressure trading, MACD green momentum column looming, the KDJ random index turned lower, indicating that the dollar short – term downward momentum is also slightly strengthened, continue to come under pressure.
On the daily chart, silver maintained the recent rally, the MACD red momentum column held steady, the KDJ random index moderately higher, indicating silver to maintain steady upward momentum, silver will continue to hold steady.
On the 4 hour chart, silver also showed a moderate rebound, MACD green kinetic energy column unchanged, KDJ random index began to rise, indicating silver momentum mixed, short term may be caught in a period of consolidation.
fundamentals Positive factors :
- According to statistics from real-time information and data update website world meters, as of 09:58 Beijing time on April 14, the global cumulative number of confirmed COVID-19 cases has exceeded 1.92 million, with 1,924,663 cases confirmed and 119,691 cases killed and more than 110,000 cases confirmed.
- According to the real-time statistics of Johns Hopkins University, as of 8:00 on April 14, Beijing time, there were 119,588 cases of COVID-19,918,855 confirmed cases and 119,588 deaths worldwide. More than 580,000 people have been diagnosed in the United States and more than 130,000 in Spain, Italy, France, and Germany.
- Us consumer prices fell 0.4 percent in March, the biggest monthly drop in five years, as Americans stopped traveling and the cost of petrol, airfares and hotel rooms fell sharply. The drop in March was the biggest since January 2015, according to the labor department. The core consumer price index, which excludes food and energy, fell 0.1% in March, the first monthly decline since January 2010.
- The federal reserve on Thursday announced a series of new measures aimed at providing an additional $2.3 trillion in financing to businesses and fiscally strapped governments. Under terms first outlined, the loans will be available to companies with no more than 10,000 employees and $2.5 billion in revenue in 2019. The payment of principal and interest will be delayed for one year. The fed said the programs, which would amount to $2.3 trillion, include wage protection programs and other measures aimed at providing funding to small businesses, as well as measures to shore up municipal finances through a $500 billion lending program.
Fundamental negative factors:
- At the White House press conference on July 13, local time, Trump said that combining the data of newly confirmed cases and newly hospitalized cases, the expansion curve of the epidemic in the us began to show a flat trend. Mr. Trump said it was possible to restart the economy sooner rather than later.
- New York governor Andrew Cuomo said he believed “the worst is over” as hospital admissions in the worst-hit state appeared to have stabilized near high levels.
Parts of the U.S. could reopen next month, Dr. Anthony Fauci, director of the national institute of allergy and infectious diseases, said Sunday, expressing cautious optimism about a slowdown in the U.S. outbreak. He said there were “signs” that some of the indicators used to measure the crisis were “starting to stabilise” in some areas. Asked when parts of the United States could begin to loosen some of its strict social disconnection measures, fauci said the process could begin “at least in some ways, probably next month.”
OPEC and its allies agreed to cut their oil output by 9.7 million barrels per day (BPD) in the biggest ever cut, which was finalized Sunday local time. With less uncertainty in the oil market, risk aversion is likely to cool.