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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 Prediction: Silver Markets Recover

Alina Haynes

Jun 24, 2022 15:12

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The silver market began Thursday's trading session with a sharp decline, reaching $21 per ounce. Considering that the $21 level has been significant on several occasions, I believe it is just a matter of time until volatility returns to this market. The $22 level above is a place of resistance; thus, if we do rebound, you must pay special attention.

 

The 50 Day EMA is currently at $22.39 and falling. This implies that a certain level of dynamic resistance should enter the picture. I believe that any balance will be sold because, obviously, there are several concerns over industrial demand and the rising of the US currency. Long-term, all of these factors work against silver, but inflation tends to benefit it. In such a circumstance, the only predictable response is likely to be a great deal of volatility, but that does not distinguish silver from other markets.

 

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Breaking below the $21 level enables a decline to the $20.50 level, and potentially even the $20 level. A breach of the $20 level would be extremely negative for silver, opening the door to the $18 level. If we were to rebound and break through the 50 Day EMA, it is conceivable that we may see an attempt to reach the $23 level, but I believe it would require much work.


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