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The Israeli military claims it has launched a new round of large-scale attacks in Tehran.The Iranian armed forces stated that they respect Türkiyes sovereignty and denied firing any missiles at its territory.On March 5th, Shen Danyang, head of the drafting group for the Government Work Report and director of the State Council Research Office, stated at a press briefing held by the State Council Information Office that this year, efforts will be made to promote the specialization and high-end value chain extension of producer services in various sectors, and to deepen the pilot program for the integrated development of advanced manufacturing and modern service industries. At the same time, efforts will be made to promote the high-quality, diversified, and convenient development of consumer services. Focusing on areas with prominent supply-demand imbalances and in line with the direction of consumption upgrading, support will be provided to increase the supply of improved services to better meet the diverse needs of peoples livelihoods.On March 5, Shen Danyang, head of the drafting group of the Government Work Report and director of the State Council Research Office, stated at a press briefing held by the State Council Information Office that this year, efforts will be accelerated to cultivate "famous, special, high-quality, and innovative" individual businesses. The government will continue to strengthen the classification and categorization of individual businesses, providing targeted services such as start-up support, skills training, digital transformation, and financing and credit to help them solve problems related to transformation and upgrading, financing and loans, and market expansion.On March 5th, Shen Danyang, head of the drafting group for the Government Work Report and director of the State Council Research Office, stated at a press briefing held by the State Council Information Office that this year, efforts will be made to further optimize the supply structure of elderly care services, strengthen support in areas such as land, capital, and talent, and promote the improvement of the quality and efficiency of elderly care services. Through public-private partnerships, private enterprises, and public-private collaboration, a number of high-quality, high-level, inclusive, and supportive elderly care institutions will be developed in a standardized manner, as will a number of chain-operated, branded, and embedded community elderly care service institutions.

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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