Ministry Approval Required for Digital Precious Metal Trading on the Exchange

The news headline indicates that ministry approval is required for exchange transactions involving digital precious metals. This could affect trading in investment instruments based on precious metals such as gold. GLD's negative change rate over the last 24 hours and RSI14 value of 39.43 suggest a short-term downward trend. However, the negative MACD and MACD signal lines, along with the proximity of SMA20 and SMA50 values, make it difficult to clearly determine the trend. Therefore, caution should be exercised against the possibility of a short-term decline.

The news introduces a requirement for ministry approval in digital precious metals exchange transactions. This regulation could create a negative short-term perception for digital asset-themed stocks such as SILVR. Technical indicators also present a weak outlook: RSI at 42.9 is near the sell zone, MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. The recent closing decline of 0.85% confirms negative momentum. Therefore, a downward movement can be expected in the short term.