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Russian Defense Ministry: Russian troops have captured Khrishinny in the Donetsk region of Ukraine.Russian Defense Ministry: Russian troops have captured Viterinny in the Kharkiv region of Ukraine.The Kremlin: This demonstrates Europes ambitions in militarization and nuclear weaponization.On April 21, according to RIA Novosti, Russian Armed Forces Chief of the General Staff Gerasimov stated at the command post of the Southern Army Group that Russia had completely taken control of the Luhansk region. Gerasimov said that Russian troops are currently advancing in all directions. In February and March, Ukrainian armed forces attempted to halt the Russian offensive but lost 3,000 soldiers and over 160 pieces of equipment. Ukraine has not yet responded to this claim. The Russian Ministry of Defense announced on April 1 that it had completely taken control of the Luhansk region, but this was subsequently denied by Ukraine.On April 21, the State Council issued an opinion on promoting the expansion and quality improvement of the service industry. The opinion mentions steadily advancing the opening up and cooperation of the service industry. It further expands pilot programs for opening up in areas such as value-added telecommunications, biotechnology, and wholly foreign-owned hospitals. It improves the negative list management system for cross-border service trade. It enhances service capabilities such as data export compliance assessment and security certification. It strengthens service trade cooperation with key countries and regions, and coordinates the construction of major opening-up and cooperation platforms such as service trade innovation and development demonstration zones. It promotes the export of cultural and tourism services and encourages the expansion of inbound consumption.

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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