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On November 8, Chicago Mayor Brandon Johnson addressed the UN Human Rights Council on November 7. Johnson stated that the US federal governments refusal to accept review by the Human Rights Council was an attempt to evade scrutiny. He argued that the Human Rights Council should apply the same accountability standards to the US federal government as it does elsewhere in the world, and that no country is above international law. Johnson called on the Human Rights Council to send independent experts to Chicago to investigate the challenges facing the city; he also urged the Council to take further accountability measures, including convening a special session to investigate the worsening human rights crisis in the United States. The UN Human Rights Council was scheduled to hold its fourth round of Universal Periodic Review (UPR) on November 7, but the US representative refused to attend, preventing the review from proceeding normally. The Human Rights Council adopted a decision that day urging the United States to resume cooperation with the UPR mechanism.Russian Ministry of Defense: Russian troops have occupied the village of Vovche in the Dnipropetrovsk region of Ukraine.Ukrainian Prime Minister: Russia’s attack on Ukrainian dams damaged several large energy facilities in the Kyiv, Kharkiv and Poltava regions.November 8th - Pfizer has finalized its $10 billion acquisition offer for Metsera, a startup focused on weight-loss drugs, after a bidding war with Novo Nordisk. Novo Nordisk stated that after careful evaluation, it decided not to raise its offer and will continue to monitor business expansion and other acquisition opportunities. Under the agreement, Pfizer will complete the transaction at a maximum price of $86.25 per share, including an initial cash payment of $65.60 per share, and an additional consideration of up to $20.65 per share if certain performance targets are met.November 8th - On November 7th local time, Canadian Prime Minister Mark Carney stated that the increasingly close economic relationship between Canada and the United States over the past decades has come to an end. Carney said that Canada once enjoyed some economic advantages due to its close ties with the US, but this has now become a weakness. He described this change as rapid and almost seamless, and called for a swift and radical shift in Canadas economic strategy.

Silver Price Prediction - Silver Pulls Back Once More

Alina Haynes

Aug 16, 2022 11:29

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Silver markets have retreated somewhat during Monday's trading session as the 50-day exponential moving average (EMA) continues to act as a bit of a price magnet, and of course, we are sitting in a region that has a large amount of market memory. The candlestick is obviously pretty ugly, and a break below the $20 level on a daily close might spark a significant amount of selling. Moreover, if interest rates continue to exhibit signs of growth, this could exert additional downward pressure on silver.

 

China's apparent slowdown and the fact that silver is an industrial metal only serve to exacerbate the situation. In other words, the question will be whether there will be sufficient demand for silver to maintain high prices. Currently, the $21 level appears to be a strong resistance barrier that will be tough to overcome; if we could, the market may reach the $22 level.

 

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As of late, the market has been exceedingly raucous, having soared to the sky. At this time, the concern is whether or not we have the potential to fall hard enough to fill the gap below, which is at the $19.00 mark. In this circumstance, a major decline is just waiting to occur. Pay particular attention to the US dollar, as it will have a significant impact on what occurs next, since a strengthening US currency normally has a negative effect on the silver market.

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