Silver investments: brighter than gold! Silver day speed up high! Bank of Japan announces unlimited bond purchases!

Spot silver was at $15.286 an ounce in Asian trading on Monday. Intraday silver prices rose sharply, hitting as high as $15.305 an ounce, up 0.63 percent.

Gold rose last week and silver recorded a high to finish the week as a record drop in oil prices spurred demand for safety, which shook the market and led to increased risk aversion. At the same time, there were more signs of a heightened risk of deflation in the United States, which could restrain moderate price increases and thus slow the economic recovery. At the same time, the easing bias of the world’s major central Banks is also fuelling a rally in safe-haven precious metals.

As concerns returned, the dollar strengthened slightly, limiting some of silver’s gains. Overall, the recent alternating strength of the dollar and precious metals is expected to continue.

In the medium term, the trend of silver is more resistant than gold, do not rule out the silver price in the late long-term volatility.

On the news, the bank of Japan (BOJ) announced that it would keep its benchmark interest rate unchanged at -0.1%, and keep the yield target of 10-year Treasury bonds unchanged near 0%, further easing monetary policy.

The bank of Japan said it would intensify its stimulus efforts by buying unlimited amounts of JGBS and that its aggressive bond-buying would continue for some time. It will expand lending programmes and increase purchases of corporate bonds and commercial paper. We will not hesitate to relax policy further if necessary and will closely monitor the impact of covid-19 outbreaks.

In the United States, Worldometers world real-time statistics show that as of 10:59 Beijing time on April 27, the total number of confirmed covid-19 cases in the United States exceeded 980,000, reaching 987, 322. The total number of deaths exceeded 55,000, to 55,415.

Meanwhile, a novel coronavirus report issued daily by the New York police department said two more officers have died from a novel coronavirus, bringing the total number of fatalities among New York police officers to 37, CNN reported. As of Thursday, a total of 4,837 New York City police officers had confirmed COVID 19.

Technical analysis:

The dollar

On the daily chart, the dollar index after a modest rebound slightly under pressure, the MACD red momentum column unchanged, the KDJ random index turned lower, indicating the dollar pullback momentum ready to move, then or continue to fall.

On the 4-hour chart, the dollar index continued to retreat from its highs, the MACD green momentum column slightly expanded, the KDJ random index further lower, indicating that the dollar will continue to decline short term.

silver

On the daily chart, silver prices from the recent low moderate rebound, MACD red kinetic energy column unchanged, KDJ random index slightly upward, indicating that silver rebound kinetic energy is still in place, the next to continue to carry out a moderate rebound.

On the 4-hour chart, silver rebounded slightly, but the volatility was relatively narrow, the MACD red kinetic energy column unchanged, the KDJ random index turned sharply higher, indicating that silver may continue to rally modestly in the short term.

fundamentals Positive factors:

  1. Worldometers world real-time statistics show that as of 10:59 PM Beijing time on April 27, a total of 980,000 COVID-19 cases were confirmed in the United States, reaching 987322 cases. The total number of deaths exceeded 55,000, to 55,415.
  2. Sana reported that Syrian air defense systems intercepted enemy targets over Damascus and that Syria shot down several Israeli missiles.
  3. According to the information released by the Russian defense ministry, a total of 874 active-duty soldiers were confirmed with COVID-19 after intensive virus testing from march to April 26, of which 4 were seriously ill. In addition, a total of 971 teachers and students were confirmed at military academies under the ministry of defense.
  4. Members of the U.S. House of Representatives, meeting in Washington on Thursday, voted to pass a $484 billion novel coronavirus relief bill, including $310 billion for a payroll protection plan (PPP). That brings the total approved for the crisis to an unprecedented nearly $3 trillion. The bill will be sent to President Trump for signature.
  5. Data from the labor department on Thursday showed new claims for state unemployment benefits totaled 4.427 million last week, compared with expectations of 4.2 million. The previous reading was revised down to 5.237,000 from 5.245,000. Adding in the four previous reports, the number of Americans claiming unemployment benefits in the past five weeks was 26.45 million. That’s more than the 24.442 million nonfarm jobs created since November 2009, when the economy began adding jobs again after the great recession.

Fundamental negative factors:

  1. The news of the health abnormality of the supreme leader of the DPRK, Kim jong-un, has been closely watched by the outside world. South Korean President moon jung-joon responded on April 26 that Kim jong UN is alive and well. He said Mr. Kim had been in wonsan in gangwon province since April 13 and that no suspicious movements had been detected.
  2. According to statistics released by the Italian civil protection department on October 22, there are 107,699 new crown patients in Italy, 10 fewer than the previous day and the third consecutive day of decline. A total of 54,543 cases were cured, 2,943 more than the previous day, and the number of cases cured in a single day reached a new high since the outbreak began.
  3. The first novel coronavirus vaccine was approved to enter clinical trials by the German federal institute of vaccines and biologicals Wednesday. In the first phase of the trial, 200 healthy volunteers between the ages of 18 and 55 will be given a slightly modified version of the vaccine, the institute said in a statement on the same day. The second phase will vaccinate other volunteers in the same age group, including vulnerable people.
  4. President trump said on Tuesday that the hospital ship Comfort, deployed in New York, would leave the city “in preparation for the next mission.” The comfort is being used to provide emergency assistance to health workers fighting the coronavirus. “There is light at the end of the tunnel,” trump said of the COVID 19 outbreak.

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