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On September 19, a spokesperson for the Ministry of Commerce answered a reporters question regarding the US signing the "Graham Act of 2026 on Sanctions Against Russia and Iran" into law. China has consistently opposed unilateral sanctions lacking UN authorization and a basis in international law, and opposes so-called secondary sanctions against other countries based on the involvement of third parties. China has always conducted normal economic and trade cooperation with all countries in the world on the basis of equality and mutual benefit. Such cooperation is neither targeted at any third party nor subject to interference or coercion from any third party. We will continue to closely monitor subsequent US actions and reserve the right to take all necessary measures to firmly safeguard Chinas national sovereignty and development interests, as well as the legitimate rights and interests of its enterprises. We hope the US will work with China to maintain stable economic and trade relations through dialogue and consultation, and make greater contributions to maintaining world trade order and the security and stability of global supply chains.On September 19, the General Office of the Peoples Government of Guangxi Zhuang Autonomous Region recently issued the "15th Five-Year Plan for the Development of Guangxis Financial Industry." The plan states that by 2030, the overall strength of the financial industry will be significantly enhanced, the quality and efficiency of financial services to the real economy will be comprehensively improved, the function of Guangxi as a financial gateway to ASEAN will be fully upgraded, artificial intelligence and the financial industry will be deeply integrated, the financial market service system will be further optimized, financial governance capabilities and risk prevention and control levels will be significantly improved, the system and mechanism for the Partys leadership over financial work will be further improved, and a modern financial system that matches the positioning of "one region, two places, one park, and one channel" and adapts to the requirements of Guangxis chapter in Chinas modernization will be established.September 19th - At 18:50 Beijing time on September 19, 2026, my country successfully launched the Zhuzhou Space PIESAT-2 13-16 satellites into their predetermined orbit using a Long March-2D carrier rocket from the Taiyuan Satellite Launch Center. The launch mission was a complete success. This mission marked the 668th flight of the Long March series carrier rockets.Ukrainian President Volodymyr Zelenskyy: Oleksandr Poklad, head of the Security Service of Ukraine, reported that the military counterintelligence unit of the Security Service of Ukraine has achieved good results in defending against the Shahd jet-powered drone. A new interceptor drone has been developed and successfully put into use.September 19 - Al Jazeera reported that the Gaza Ministry of Health stated that Bashir al-Bursh, son of its Director-General Munir al-Bursh, was killed by Israeli artillery fire in northern Gaza. The attack occurred in the Zahra community, west of the Jabalia refugee camp in northern Gaza.

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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