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On March 21, an official from the Zhengzhou Municipal Housing Security and Real Estate Administration Bureau announced that Zhengzhou will introduce eight real estate market regulation policies, which will be released to the public in due course. The specific policies include: 1. Supporting young people in purchasing homes. 2. Strengthening support for families with multiple children purchasing homes. 3. Implementing down payment ratios for commercial property loans. 4. Clarifying the standards for determining the number of homes purchased. 5. Optimizing the application conditions for housing provident fund loans. 6. Increasing the supply of affordable rental housing (talent apartments). 7. Improving supporting public services. 8. Implementing a "one house, one code" system for second-hand homes.Israeli military: Strikes are underway against targets in Tehran, the Iranian capital.On March 21, it was reported that current standards and criteria for labeling short video content vary across websites and platforms. Some short videos containing fictionalized narratives, staged marketing videos, or AI-generated content are not properly labeled, seriously misleading public perception, disrupting social order, and polluting the online environment. In response, the Cyberspace Administration of China plans to guide websites and platforms to comprehensively standardize the labeling of short video content. This includes: 1) Standardizing the tags used for labeling short video content and clarifying the types of tags that must be set; 2) Making content labeling a mandatory step in the posting of short videos, guiding users to label their published short video content; and 3) Conducting phased review and supplementary labeling of existing short video content to promote comprehensive labeling.Iranian Foreign Minister: We seek a permanent end to the war. Many countries are working to mediate and end the war, and Iran is open to any initiative to end the conflict.March 21 – Following the US and Israeli military strikes against Iran, shipping in the Strait of Hormuz continues to be disrupted, destabilizing the global energy supply system. On March 20, Slovak Prime Minister Fico warned that a European oil crisis could occur due to a combination of factors. Fico stated that since the US-Israeli strikes against Iran, the EU has already paid over €6 billion in additional costs due to rising fuel prices. This, coupled with the current economic situation in Europe and the EUs substantial support for Ukraine, has created an "explosive combination." Fico indicated that the future could be very dire, even risking an oil crisis. He urged the EU to expedite the restoration of the Friendship Pipeline.

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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