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May 19th - According to an Axios report, two sources familiar with the matter revealed that in the 24 hours before Trump announced the cancellation of the planned strike on Iran on Tuesday, he spoke with the leaders of Saudi Arabia, Qatar, and the United Arab Emirates. One US official stated, "Doha, Abu Dhabi, and Riyadh sent a unified message, roughly meaning Give us a chance to negotiate, because if you strike Iran, we will all pay a price." Another source said that Trump told some hawkish political allies that the three Arab leaders told him they did not want their oil and energy facilities to be destroyed in retaliation from Iran.The Nikkei 225 index opened 548.22 points higher, or 0.90%, at 61,364.17 on Tuesday, May 19.According to the Financial Times, if SpaceXs valuation reaches the expected $1.75 trillion, Dan Sondheims company, D1 Capital Partners, will hold shares worth approximately $20 billion.Japans nominal GDP grew at a preliminary rate of 0.8% quarter-on-quarter in the first quarter, below the expected 0.80% and the previous reading of 0.90%.On May 19th, according to foreign media reports, soybean oil futures on the Chicago Board of Trade (CBOT) closed higher on Monday, with the benchmark contract rising 2.4%, recovering some of last weeks losses. Stronger international crude oil futures, a clearer outlook for biofuel demand, and lower-than-expected US soybean oil inventories further supported soybean oil prices. Oilseed meal arbitrage trading was active on the day. Data released last week by the National Oilseed Processors Association (NOPA) showed that as of the end of April, NOPA members soybean oil inventories were 1.947 billion pounds, down 4.5% from March, slightly below market expectations, but up 27.5% from the same period last year. Calculations based on the USDAs weekly crush report showed that as of the week ending May 15, 2026, US soybean crush margins were $4.99 per bushel, up 2.04% from the previous week.

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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