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Friday ( On March 26, senior generals of the NATO Military Committee began a three-day closed-door meeting in Istanbul, Turkey's largest city, focusing on reviewing the situation in Ukraine and Syria.

Local media reported that the NATO Military Committee will review security issues in Europe and the Middle East as well as ongoing military operations in Afghanistan. In addition, they will discuss the threat posed by the extremist organization Islamic State to global peace and security, NATO's military posture and reform issues.

Russian Foreign Minister Lavrov said on Friday that Russia will continue to provide weapons and equipment to Syria to help the Syrian government forces fight terrorism. Lavrov said at a press conference held that day that Russia believes that air strikes alone cannot defeat the terrorist forces of the Islamic State. The most effective and powerful force in fighting the Islamic State is the Syrian government army. Cooperation should be carried out with the Syrian government. Lavrov pointed out that fighting the Islamic State is the top priority and overthrowing the current Syrian regime is not feasible.

The Russian Central Bank announced on Friday that it would keep its benchmark interest rate unchanged at .%. The Bank of Russia also expected growth to drop to .% this year, and USD/RUB subsequently rose in the short term. The Central Bank of Russia announced that it would keep the benchmark interest rate unchanged at .%, in line with market expectations. This is also the second interest rate cut this year, and the Russian Central Bank has suspended its expansion of easing measures. The Bank of Russia pointed out in a statement that the country's growth rate is expected to drop to 0.0% in 2020, and the quarterly decline will last longer than previously estimated. The central bank also said that the economic situation will depend on the trend of energy prices, and oil prices are expected to be around US dollars per barrel in the next three years.

Basic analysis

International spot silver opened at the highest and hit the lowest on Friday and closed at a drop of .USD, or .%.

The country's core data for the month was better than expected, raising the possibility of the Federal Reserve raising interest rates this month. Gold continues to be under pressure as the Federal Reserve's monthly meeting approaches.

The Federal Reserve meeting from Sunday to Sunday is currently the biggest focus of the market. There is still a lot of uncertainty about whether the Federal Reserve will raise interest rates at this meeting, so investors are I am more cautious and unwilling to hold too much gold position. Higher interest rates will boost the dollar and increase the opportunity cost of holding gold, a zero-yielding asset.

Chimond Fed President Lake said on Friday that the Fed no longer requires interest rates close to zero. No final decision will be made until the discussion is heard at the meeting. Market fluctuations have limited impact on the U.S. economy. It’s time to align monetary policy with the economy. Wages have kept pace with productivity recently. The monthly non-farm payrolls report is unlikely to limit the situation. The conditions for the Fed to raise interest rates appear to have been met. The job market no longer supports extremely low interest rates.

The Commodity Futures Trading Commission's weekly report released on Friday showed that hedge funds and fund managers increased their net long positions in silver futures and options in the week ending March 30. Specific data shows that in the week as of March 30, net long speculative positions in silver increased by 100,000 hands, reaching the highest level since the beginning of the month.

As of May, the year-month silver futures price on the New York Mercantile Exchange is quoted in US dollars in late trading. The trading volume is, the number of open contracts on the Month and Day is reduced, and the number of open contracts has decreased.

Technical Analysis

Silver prices continued to fluctuate in a range overnight, closing with a small negative column in late trading. Silver prices continued to fluctuate within a narrow range during the day, and tested sharply downward during the session. They then rebounded and tested downward during the session to the lower edge of the triangle. The upward pressure on the daily moving average may be consolidated within the triangle range in the short term or continuously. The multi-day moving average differentiation tends to be smooth and continuous. The indicator double-line zero axis continues to be smooth, and the red kinetic energy column continues to increase slightly