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Conflict Status: 1. Ukraine claims infrastructure in Odessa region was attacked. 2. Russia has deployed its 5,500-kilometer Hazel missile to Belarus. Other Developments: 1. French Presidential Palace: The method of dialogue between the French and Russian presidents will be determined within days. 2. US intelligence indicates that Putins war objectives in Ukraine remain unchanged. 3. The Ukrainian delegation held a series of meetings with the US and EU; the US envoy described them as "productive." 4. Kremlin: Putin is ready to engage in dialogue with French President Macron if both sides share a common political will. On December 22, Biren Technology announced on the Hong Kong Stock Exchange that it plans to issue 247,692,800 H shares in its Hong Kong listing (subject to the exercise of the offering adjustment right and over-allotment option), with a pricing range of HK$17 to HK$19.6 per share. Trading of the H shares is expected to commence on January 2, 2023.Ukrainian negotiator Umerov: He will hold another meeting with the US team on Sunday.A British government spokesperson said that Starmer and Trump first reviewed the situation in Ukraine, and Starmer also briefed Trump on the appointment of Christian Turner as the new British ambassador to the United States.On December 22, local time, Ukrainian President Volodymyr Zelenskyy revealed via social media that the Ukrainian team was in Florida, USA, reviewing clauses of documents related to ending the Russia-Ukraine conflict, security guarantees in Ukraine, and post-war reconstruction, and discussing the timeframe for the implementation of the resolutions. Zelenskyy stated that the consultations had made constructive progress, and the relevant outcomes were of great significance to the peace process and the long-term stability of Ukraine. He looked forward to briefings from Ukrainian officials on the details of the talks.

Silver Price Prediction - Silver Price Increased Due to Weak Dollar

Alina Haynes

May 12, 2022 11:03

On Wednesday, silver prices increased alongside the other precious metals. As yields decreased, the dollar declined. In spite of stronger-than-anticipated headline and core CPI reports, Benchmark rates declined today. Gold prices rose as the currency weakened.

CPI Rose Greater Than Anticipated

Wednesday, the U.S. Labor Department revealed April's CPI. The headline CPI came in at 8.3%, slightly lower than March but higher than the 8.1% experts had predicted. The study also revealed that the core CPI, excluding food and energy, rose by 6.2% year over year, which was greater than anticipated. The month-over-month growth also exceeded projections. The Bureau of Labor Statistics (BLS) stated that April inflation grew 0.3% on the headline CPI, compared to the 0.2% expected, and 0.6% on the core CPI, compared to the 0.4% expected gain.

Technical Evaluation

After falling, silver prices recovered, reclaiming short-term support near the September lows at 21.42.

 

Near the 20-day moving average of 23.52, there is observed to be resistance. The 20-day moving average has fallen below the 50-day moving average, indicating a medium-term decline. As indicated by the fast stochastic crossover buy signal, near-term momentum has turned positive. Prices are oversold since the fast stochastic is displaying a value of 13 below the oversold threshold of 20.

 

The medium-term momentum has become negative as the histogram and MACD both print in a negative direction (moving average convergence divergence). The MACD histogram is moving in a negative direction, reflecting the downward trend in price movement.

 

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