EUR/USD 1.16054
-0.100%
Gold 4508.22
-0.767%
Oil 95.267
-1.973%
USD/JPY 159.162
0.116%
GBP/USD 1.34395
0.066%
GBP/JPY 213.893
0.184%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Norwegian government has contacted Ukrainian President Zelensky and the Ukrainian Prime Minister to express our support.According to Israels Channel 13: Netanyahu stated at a security meeting that he has "limited influence over US President Trump."On May 25, a U.S. official told CNN that sanctions against Iran cannot be eased until the country curbs its nuclear program. The official stated that the U.S. has not yet negotiated the release of Iranian funds as part of the agreement. Furthermore, the removal of Irans nuclear stockpile is under discussion.On May 25th, the European Central Bank (ECB) will convene a meeting of banks on Tuesday to discuss cybersecurity risks revealed by the latest AI models, such as the Claude Mythos Preview developed by Anthropic, and urge banks to accelerate efforts to protect their IT systems. ECB Supervisory Board Vice-Chairman Frank Elderson stated that it was "unfortunate" that European banks lacked access to the Mythos model, but he hoped that US banks attending Tuesdays meeting would share lessons learned from testing the model with their European counterparts. "The inability to use the model is not an excuse for inaction; malicious actors may soon gain access to this technology." According to Anthropic, the Mythos model has already identified thousands of high-severity vulnerabilities in all major operating systems and web browsers.The European Central Bank will urge banks to accelerate efforts to protect their information technology systems at its meeting on Tuesday, discussing the cybersecurity risks exposed by the latest artificial intelligence models.

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.

 

image.png 


Suggestion