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On April 27th, at Baidu AI Day, Baidu Wenku Cloud Drive jointly released the general-purpose intelligent agent "GenFlow 4.0," a comprehensive upgrade to Office Agent. Individuals and teams can deploy OpenClaw with a single click within the GenFlow 4.0 general-purpose intelligent agent. To date, the GenFlow 4.0 general-purpose intelligent agent has 100 million monthly active users and delivers 200 million tasks per month.Hong Kong-listed IPO Xizhi Technology-P (01879.HK) surged over 360% in grey market trading, but the gains have now narrowed to 320%.On April 27th, the Ministry of Civil Affairs and two other departments jointly issued the "Administrative Measures for Internet Public Fundraising Service Platforms," clarifying that public fundraising information pages on internet public fundraising service platforms must not include any form of commercial advertising or interactive functions unrelated to public fundraising. The measures will take effect on May 1st of this year. Internet public fundraising service platforms refer to online platforms designated by the State Councils Ministry of Civil Affairs specifically for providing services to charitable organizations conducting public fundraising activities. It is reported that the revised Charity Law stipulates that platforms may not refuse service without justifiable reasons, may not charge fees, and may not insert commercial advertisements. The measures further refine the relevant provisions of the Charity Law and clarify that platforms can refuse to provide services to charitable organizations under specific circumstances. At the same time, platforms are prohibited from accepting donated property on behalf of charitable organizations.On April 27th, ING analyst Chris Turner stated in a report that the US dollar weakened after media reports that Iran had offered the US a new proposal to end the war. However, he noted that the decline might be limited, as oil prices remain high and investors are assessing how central banks will respond to a situation of rising inflation and weak growth. This week, the Bank of Japan, the Federal Reserve, the Bank of England, and the European Central Bank will all announce their interest rate decisions.On Monday, April 27, the Hang Seng Index closed down 52.42 points, or 0.2%, at 25,925.65; the Hang Seng Tech Index closed up 37.64 points, or 0.77%, at 4,939.84; the H-share Index closed down 19.3 points, or 0.22%, at 8,756.32; and the Red Chip Index closed down 23.91 points, or 0.55%, at 4,338.55.

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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