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February 7 – The Federal Aviation Administration (FAA) announced the conclusion of its investigation into the anomaly surrounding SpaceXs Falcon 9 rocket. The investigation confirmed that there were no injuries or damage to public property, and the FAA has approved the Falcon 9 rockets return to service. The rocket will proceed with its scheduled launch of the latest crewed Dragon spacecraft mission.A Ukrainian security official said: "Ukrainian drones attacked a Russian factory that produces missile fuel components."February 7th - According to sources, the EU is exploring new sources of defense funding after a €150 billion ($177 billion) loan program was oversubscribed. The sources indicated that discussions are still in the early stages, as the European Commission is still disbursing funds for existing loan programs. They also stated that officials expect the fund to have billions of euros remaining due to discrepancies between national applications and final contracts. However, the sources indicated that once the funds run out this spring, the Commission will assess the process and study the feasibility of another round of financing, which may include a second loan program.February 7th - According to posts by Tesla executives online, Tesla (TSLA.O) is hiring to support founder Elon Musks recently announced plan to become the largest solar module manufacturer in the United States. These posts indicate that the company is implementing Musks new vision of building a 100-gigawatt domestic solar power project. Furthermore, sources familiar with the matter revealed that the company is evaluating multiple locations across the United States with plans to begin solar cell production. One component of this plan is expanding the capacity of its factory in Buffalo, New York. This factory could potentially reach a capacity of 10 gigawatts, equivalent to the power output of 10 nuclear power plants. In the long term, another option is to build a second factory in New York State. Arizona and Idaho are also under consideration.February 7th - According to the National Development and Reform Commission, my countrys overall social logistics costs have steadily declined for several consecutive years, reflecting a continuous improvement in economic efficiency. The latest calculations show that in 2025, the ratio of total social logistics costs to GDP in my country will further decrease to 13.9%, reaching the lowest level since statistics began. The transportation structure continues to optimize, with the shift from road to water and rail transport accelerating, leading to improved overall transportation efficiency and lower logistics costs. In 2025, the proportion of waterway freight turnover will continue to remain above 50%; the national railway multimodal transport volume will increase by more than 130% year-on-year. Bulk commodities and long-distance transportation are shifting to more economical and greener methods, significantly reducing trunk line transportation costs.

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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