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February 24th - The Russia-Ukraine conflict has entered its fifth year, and the trilateral peace talks between Ukraine, Russia, and the United States have yet to achieve a breakthrough. Zelenskyy stated that security guarantees remain a thorny issue. Zelenskyy said he has been repeatedly told that Russia will never launch another conflict. "I cannot accept this answer. Im sorry," he said. "These security guarantees certainly have their merits," he said, referring to the commitments currently on the table, "but I want a very concrete answer: if Putin attacks again, what actions are our partners prepared to take? Thats what the Ukrainian people want to hear." Addressing another thorny issue, Zelenskyy stated that Ukraine is willing to freeze the conflict at the current front. However, he also indicated that Ukrainian troops will not withdraw from the eastern Donetsk region, which they still control. "Russia just wants us to withdraw... We cant be that stupid. We are not children. We have gone through so many years of conflict; we cannot simply hand over our country to them," he said.February 24th - Tencent Wealth Managements current account + 7-day annualized yield ranges from a high of 1.1850% to a low of 0.8410%, WeChat Pays 7-day annualized yield ranges from a high of 1.0930% to a low of 1.0220%, and Alipays Yuebaos 7-day annualized yield ranges from a high of 1.0990% to a low of 1.0040%.On February 24th, Ukrainian President Volodymyr Zelenskyy appealed to US President Donald Trump, urging the president to "stand on our side." Speaking at the presidential palace in Kyiv on the eve of the fourth anniversary of the Russia-Ukraine conflict, Zelenskyy stated that the United States, being a large and influential nation, cannot ignore the conflict. He hoped Trump would express support for Ukraine against Putins Russia in his State of the Union address on Tuesday. "They must stand on...the side of democracy. Because this man is a war. Putin is a war. Everything is for himself. Everything is for him alone. And his country, his entire country, is in trouble," Zelenskyy said. "If they really want to stop Putin, the United States is very powerful," he said. When asked if he believed Trump had put enough pressure on Putin, Zelenskyy replied, "No."Hong Kong-listed robotics concept stocks declined in the short term, with WoAn Robotics (06600.HK) falling more than 12%, Yuejiang (02432.HK) falling more than 10%, SenseTime (00020.HK) falling 6.5%, and UBTECH (09880.HK) falling more than 5%.Hong Kong-listed stocks related to new consumption concepts declined, with Laopu Gold (06181.HK) falling more than 6%, Pop Mart (09992.HK) and Mao Geping (01318.HK) falling more than 5%, Gu Ming (01364.HK) falling more than 4%, and Mixue Group (02097.HK) falling more than 3%.

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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