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On July 29th, Chen Feihong, a member of the Party Committee and First-Level Inspector of the Shenzhen Financial Regulatory Bureau, revealed at the bureaus press conference for the first half of 2026 that the bureau continued to leverage its real estate financing coordination mechanism. As of the end of June, banks under its jurisdiction had approved 443 "whitelist" projects and issued loans totaling 436.524 billion yuan. Simultaneously, the bureau actively collaborated with departments such as housing and construction to jointly advance key urban renewal projects.The Federal Statistical Office of Germany reported that German import prices rose 6.1% year-on-year in June (market expectation: 6.0%). Import prices fell 0.7% month-on-month in June (market expectation: 0.7%).The yield on Japans 30-year government bonds fell 6 basis points to 3.92%.On July 29th, Gordon Shannon, co-head of investment-grade at TwentyFour Asset Management, stated in a report that investors should expect the Federal Reserve to adopt a "tightening hold" approach at its meeting, while still maintaining a considerable probability of a rate hike. Although he anticipates a 25-50 basis point rate hike later this year, the moderate CPI inflation in June and weak employment growth suggest the committee can wait for more data.July 29th - The Peoples Bank of China released its credit allocation data for the first half of the year yesterday (July 28th). In the first half of the year, RMB loans increased by 10.72 trillion yuan. Analysis of loan allocation reveals a significant structural change in credit flows during the first half of the year. Traditional real estate loan growth slowed, while loans focused on areas such as technological innovation saw impressive growth, indicating that financial resources are rapidly converging on new productive forces such as science and technology innovation and new infrastructure for computing power.

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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