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Bernstein raised its target price for Nvidia (NVDA.O) from $275 to $300.On February 26th, European Central Bank President Christine Lagarde stated that the ECB will closely monitor for any indication that the widespread application of artificial intelligence across the economy has led to job losses. When asked about the impact of AI on growth and inflation, she said that significant investment in this technology is taking place not only in Europe and the US, but its effects are already beginning to emerge; however, the impact on employment has not yet materialized. Lagarde stated, "Current literature suggests that large-scale investment is leading to some degree of productivity improvement. However, we have not seen the expected changes in the labor market, nor have we seen large-scale layoffs, and we will continue to monitor this closely."A senior Iranian official stated that during the negotiations, the Iranian and American negotiating teams will hold repeated meetings and consultations with the Omani Foreign Minister and IAEA Director General Grossi, if necessary.A senior Iranian official stated that if the main issue in the negotiations is Irans non-development of nuclear weapons, which aligns with the leaderships directives and Irans "defense principle," then an immediate agreement is achievable. Iranian Foreign Minister Araqchi has sufficient support and authority to reach such an agreement.February 26th - Data from the National Energy Administration shows that in 2025, the energy sector effectively promoted investment and stabilized growth. Effective investment in key areas of energy security continued to expand, and investment in new energy green transformation business models accelerated. By the end of 2025, investment in key power generation projects nationwide increased by 10.3% year-on-year, and investment in key power grid projects increased by 7.1% year-on-year. The growth rate of energy investment was at a relatively high level compared to other major industries.

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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