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On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.On September 17th, local time, it was learned on the 16th that Israels Intelligence and Secret Service (Mossad) deployed 100 foreign agents in Iran at the start of the Israel-Iran conflict in June of this year. Israels Channel 13 reported that day that, according to information disclosed publicly for the first time by the Israeli Mossad, the agency established a "small army" of 100 foreign agents in Iran at the beginning of the Israel-Iran conflict in June of this year. Their mission was to destroy Irans numerous missile launchers and air defense systems at the outset of the conflict. The report said that these agents were well-trained and capable of operating missile systems weighing hundreds of kilograms. These missile systems were smuggled into Iran and used to attack Iranian ballistic missile launchers and air defense missile systems. This was reportedly the largest operation by the Israeli Mossad to date.Nvidia (NVDA.O) will work with the UK to build a national artificial intelligence infrastructure and ecosystem to drive innovation, economic growth and jobs.UK Government: Salesforce announced it will increase investment in its UK operations by $2 billion by 2030.UK Government: Coreweave announces £1.5 billion investment to drive UK AI innovation and growth through sustainable computing.

Silver Price Analysis: XAG/USD drops below the 100/200-day simple moving average and goes bearish, aiming $21.00

Daniel Rogers

Feb 10, 2023 11:36

 截屏2022-06-07 下午5.17.07.png

 

Silver price is testing the 200-day Exponential Moving Average (EMA) at approximately $21.95. This structure's bottom-trend line is a bearish megaphone formation. At the time of this writing, the XAG/USD rate is $21.97.

 

Daily chart analysis indicates that XAG/USD is close to breaching the 200-day exponential moving average (EMA), which might pave the stage for additional losses. In addition, oscillators have been pessimistic, specifically the Relative Strength Index (RSI), while the Rate of Change (RoC) is nearly flat, indicating that neither buyers nor sellers are in control.

 

But if XAG/USD closes below the 200-day exponential moving average, silver prices could plummet. The $21.00 psychological price level is the next area of support, followed by the November 28 daily low of $20.87 and the November 21 low of $20.59.

 

In an alternative scenario, the first point of resistance for the XAG/USD would be the psychological $22.00 level. A violation of the latter would expose the support-turned-resistance trendline at $22.40, followed by the weekly high at $22.59.