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On April 4, the Yangtze River Delta Railway ushered in the peak of passenger flow during the Qingming Festival. It is expected to send 4.1 million passengers today, 365,000 more than the same period last year, an increase of about 9.8%, and is expected to set a new record for single-day passenger volume. This years Qingming Festival railway transportation will start from April 3 to 7. The Yangtze River Delta Railway is expected to send 17.6 million passengers in 5 days, with an average daily passenger flow of 3.52 million, a year-on-year increase of 6.8%.The yield on the two-year U.S. Treasury note fell to a six-month low of 3.6550% and was last at 3.6611%.On April 4, local time on April 3, U.S. Secretary of Health and Human Services Robert Kennedy Jr. said that about 20% of the layoffs in the Department of Government Efficiency were wrong and needed to be corrected. The U.S. Department of Health and Human Services laid off about 10,000 people on the 1st. Kennedy said that people who should not have been laid off were laid off, and the department is restoring their positions. Kennedy said that canceling the entire lead poisoning prevention and monitoring department of the Centers for Disease Control and Prevention was one of the mistakes. At present, it is unclear what other projects Kennedy may plan to restore.Bank of Japan Governor Kazuo Ueda: Will consider the impact of food costs on consumers.On April 4, local time on the 3rd, the automobile company Stellantis said that due to the impact of the US import automobile tariff policy, the company decided to lay off 900 employees in its five US factories and suspend production operations at two assembly plants in Canada and Mexico. Antonio Filosa, Chief Operating Officer of Stellantis Americas, said that the US factories that were laid off were powertrain and stamping parts factories, which produced spare parts for two assembly plants in Canada and Mexico. According to the plan, the assembly plant in Canada will stop production for two weeks, and the assembly plant in Toluca, Mexico will suspend production throughout April. Filosa said the company is "continuing to evaluate the medium- and long-term impact of tariffs on operations."

Silver Price Forecast – Silver Markets Gap Lower

Alina Haynes

Jun 15, 2022 11:24

 截屏2022-06-06 下午5.54.42.png 

Technical Analysis of the Silver Markets

Silver markets have discovered themselves to be in significant difficulty on Tuesday after initially gapping lower. Yes, we filled the gap as futures markets generally do, but at that time, we ended up seeing a lot of sellers come back into the market and punish it. As a result, we should expect to see further selling pressure and a continuation of the dismal two weeks we've had so far.

 

Given enough time, the market may eventually touch the lows of $20.42 before falling to the $20 level. The fact that something is possible doesn't indicate that it will happen straight away or even be simple. However, it's important to remember that the market is almost certainly going to be quite volatile.

 

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Even if we do rise from here, I won't be satisfied that the trend has changed until we break above the $23 level. That does not look very realistic, therefore at this time, I anticipate that we have much further to go to the downside. For as long as the US dollar is strong, it's hard to see silver becoming a desirable asset class.

 

If you're looking for a way to protect against inflation, look no further than gold. Due to the fact that gold lacks the industrial component that silver has, it acts as a noise buffer. Nonetheless, this is a market that looks dreadful, and I see no reason to get long of silver anytime soon. Fading short-term rallies has succeeded so far.


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