On Monday (June 27), spot silver continued to fluctuate and rose. It opened at $21.20 per ounce today, the highest touched $21.42 per ounce, and the lowest touched $21.07 per ounce. As of press time, the silver price was reported at $21.32 per ounce, an increase of 0.83. %.
U.S. President Joe Biden and the rest of the G7 leaders will reach a deal to announce a ban on new gold imports from Russia, according to a person familiar with the matter. This is the latest sanctions against Russia’s invasion of Ukraine.
The leaders will announce the joint commitment at a summit in Germany that runs from Sunday to Tuesday, people familiar with the matter said.
The U.S. Treasury Department will issue a ban on U.S. imports of Russian gold starting tomorrow, the people said. According to reports, the ban will apply for the first time to gold shipped from Russia to G7 countries.
While Western sanctions punishing Russia have largely shut down European and U.S. markets for gold from the world’s second-largest gold miner, sanctions in the U.S. and Europe would mark Russia’s relationship with the world’s two largest trading hubs (London and New York) Sever the relationship completely.
In addition, the London Bullion Market Association, which sets standards for the gold market, also removed Russia’s gold refineries from its accreditation list. Since the invasion of Ukraine, freight traffic between Russia and London has been virtually nil.
Until now, London has been one of the most important destinations for Russian gold. According to the United Nations Commodity Trade Commission, Russian gold shipped to London was worth $15 billion last year, accounting for 28% of the UK’s total gold imports.
After Russia announced special military action against Ukraine at the end of February this year, on April 15, U.S. President Biden signed an executive order that explicitly prohibits Americans from engaging in activities related to the Russian central bank, state wealth fund or the Ministry of Finance. Gold deal.
The silver daily line is closed at a low level with a doji, and the overall bullishness remains unchanged, but it is still high and volatile for the time being, waiting for the market to show a clear general trend. Therefore, this week, the long order in the previous period will remain unchanged, and the main force of the cycle will be bullish, and the target line will be temporarily Look at 23 unchanged, and see 25.6. For the time being, the previous long order remains unchanged, waiting for the upside. Paper silver , TD silver, synchronous trading, temporarily holding short-term more than 23.7, 22.9 and 21.5, waiting for the market to rise in June.