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On May 23, it was learned from the National Bureau of Data Science and Technology that the "Data Elements ×" initiative is accelerating the construction and operation of data infrastructure. The National Bureau of Data Science and Technology has conducted two rounds of pilot projects for data infrastructure construction, promoting the application and dynamic optimization of six technical routes, including privacy-preserving computing, blockchain, trusted data space, data fields, data networks, and data elements. Based on this, it has also incorporated cutting-edge technologies such as data weaving, data grids, and ontology. Currently, the two pilot projects cover 15 industries and 43 cities, collaborating with 19,000 ecosystem entities, launching 38,000 data products, and implementing over 270 application scenarios, promoting the release of data value on a larger scale and at a deeper level. Liu Liehong, Director of the National Bureau of Data Science and Technology, stated that this years "Data Elements ×" competition has added a "Data Infrastructure Track," hoping to strengthen the coupling between data infrastructure and application scenarios through "promoting application through competition and combining construction with application," and promoting the dynamic optimization and upgrading of technical routes and the verification of standards.Iranian Defense Ministry spokesman: Unless US President Trump accepts the demands of the Iranian people and respects Irans rights, he will face further setbacks.On May 23, Minister of Commerce Wang Wentao met with Malaysian Minister of Investment, Trade and Industry Johari in Suzhou on May 21. Johari was in China to attend the APEC Trade Ministers Meeting. The two sides exchanged views on deepening China-Malaysia economic and trade relations. Wang Wentao pointed out that China is willing to work with Malaysia to implement the "China-Malaysia Five-Year Plan for Economic and Trade Cooperation (2024-2028)," welcomes Malaysias active participation in the China International Import Expo and other exhibitions and the "Sharing the Big Market, Exporting to China" series of activities, and hopes that Malaysia will create a favorable environment for Chinese enterprises to invest in Malaysia. China is willing to further strengthen coordination and cooperation with Malaysia in regional and multilateral fields. Johari expressed his expectation that both sides will further deepen cooperation in traditional areas such as trade and investment, actively expand cooperation in emerging fields such as advanced manufacturing, and welcome more Chinese enterprises to invest and do business in Malaysia.According to Israels Channel 12: Security agencies are preparing for a possible decision by Trump to take military action against Iran in the coming days.According to Israels Channel 12: Israel is closely monitoring the draft agreement between the United States and Iran, fearing that Tehran may receive sanctions relief without resolving the nuclear issue.

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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