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On August 24th, according to the latest data from OpenRouter, the total global AI large-scale model usage last week (August 17th to August 23rd) reached 93.3 trillion tokens, a 23.9% increase week-on-week. Among the listed AI large-scale models, Chinese AI large-scale models saw a weekly usage of 40.48 trillion tokens, a 9.88% increase week-on-week; while US AI large-scale models saw a weekly usage of 9.66 trillion tokens, a 5.85% decrease week-on-week. Chinese large-scale models have surpassed the US in weekly usage for seventeen consecutive weeks, firmly holding the top spot globally. Last week, Chinese AI large-scale models occupied four of the top five spots in global usage. DeepSeek-V4-Flash official version ranked first for the third consecutive week, with a weekly usage of 11.6 trillion tokens, a 4% increase week-on-week. An anonymous model codenamed Ox Alpha broke into the top two, with a weekly usage of 11.6 trillion tokens. According to OpenRouter, Ox Alpha was launched on August 20th. Its context window has approximately 1.048 million tokens, and the maximum output length is 131,000 tokens. It also supports text, image, and video input and is available for free during the preview period.On August 24th, according to the Guangxi Zhuang Autonomous Region Hydrological Center, from 8:00 AM on August 23rd to 8:00 AM on August 24th, moderate to heavy rain fell in parts of Wuzhou, Fangchenggang, Chongzuo, Guigang, Nanning, and Yulin, with some areas experiencing torrential to extremely heavy rain. Affected by upstream water flow and heavy rainfall in the region, 20 stations on 15 rivers, including the Zuojiang River and its tributaries Heishui River and Pingxiang River, the Mingjiang River and its tributaries Gongan River, Pailian River, Sizhou River, Pinger River, and Beilun River, experienced floods exceeding warning levels by 0.07 meters to 6.96 meters. The Guangxi Zhuang Autonomous Region Hydrological Center continued to issue a red flood warning at 8:00 AM on August 24th, urging relevant units and the public in the riverside areas of Chongzuo, Nanning, and Guigang to strengthen precautions and take timely evacuation measures.On August 24th, Goldman Sachs reiterated that if Persian Gulf liquefied natural gas (LNG) exports fail to increase further, maintaining European TTF gas prices at €65 per megawatt-hour will not be sufficient for Europe to effectively manage its inventory during the winter. If LNG exports via the Strait of Hormuz do not improve, European gas prices (TTF) will need to rise further to curb Asian LNG demand, thereby releasing more cargoes to Europe and helping to maintain its gas inventory levels. Goldman Sachs estimates that in a scenario where Middle Eastern energy exports do not gradually return to normal until 2027, TTF gas prices for December 2026 delivery may need to rise to over €100 per megawatt-hour (assuming normal average winter temperatures), 110% higher than the banks baseline scenario of €50 per megawatt-hour, to more significantly curb Asian LNG demand.On August 24th, Joseph Carson, former chief economist at AllianceBernstein, questioned why U.S. Treasury Secretary Bessent had kept his excellent plan to reduce the national debt so secret. He suggested the reason might be that Bessent simply didnt have such a plan, and the Trump administration would continue to promote a misleading narrative to try and convince the market that he did. Carson added that Bessent doesnt control U.S. federal spending, as that power belongs to Congress. Without congressional approval, Bessent cannot change tax policy.According to the Wall Street Journal, sources familiar with the matter revealed that California is expected to require Paramount to divest some of its cable television channels and pledge to keep its film studios independent from Warner Bros. ahead of the merger between Paramount and Warner Bros.

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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