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On August 7th, the National Energy Administration issued the "15th Five-Year Action Plan for Power Safety Production." The plan emphasizes strengthening safety governance through "artificial intelligence+", innovating high-precision fault prediction and health management methods for equipment, promoting the embedding of artificial intelligence technology into intelligent safety tools, and researching power safety production auxiliary decision-making technologies based on large-scale artificial intelligence models. It also calls for increased independent research and development of key power equipment, enhanced research and development of new protective materials, the establishment of a special plan for tackling key technologies in core components of power equipment, and promoting breakthroughs in key technologies such as power chips and ultra-high voltage (UHV) unit components. Furthermore, it promotes technological innovation in safety and quality control of power construction projects, researches and constructs an intelligent supervision system for power construction projects, and utilizes artificial intelligence, big data, and other means to strengthen off-site supervision and quality control of key power projects.According to the Philippine Institute of Volcanology and Seismology, a 5.8-magnitude earthquake struck near Occidental Mindoro province in the Philippines at approximately 10:38 a.m. on August 7, with a focal depth of 10 kilometers.August 7th - TSMC has achieved a breakthrough in next-generation technology, successfully developing a high-performance monolayer molybdenum disulfide (MoS2) top-gate transistor in collaboration with a team from National Chiao Tung University, which could help push the limits of Moores Law. The findings were published in the journal *Nature Electronics*.On August 7th, it was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that a joint research team from Origin Quantum and the University of Science and Technology of China has successfully solved the long-standing problem of the trade-off between speed and fidelity in superconducting quantum computing by proposing the innovative "Parameter Space Extended Controlled Phase Gate (PSE-CZ)" scheme. This allows a two-qubit quantum gate to significantly improve accuracy while maintaining high speed. The relevant results have been published in the top international physics journal *Physical Review Letters*, and experimental verification was completed on my countrys independently developed superconducting quantum computer, "Origin Wukong".Hong Kong-listed stocks related to large-scale modeling continued to rise, with MINIMAX-W (00100.HK) up nearly 25% and Zhipu (02513.HK) up over 17%.

Silver Prices Dropped As the Dollar and Yields Were Under Pressure

Drake Hampton

Mar 31, 2022 10:20

Significant Insights 

  • Silver prices have remained quite stable.

  • The dollar has depreciated, losing its safe-haven status.

  • Yields declined as employment statistics indicated increased inflation fears.

  • Oil prices fell sharply in the aftermath of promising peace talks.

 

Silver prices were largely unchanged on Wednesday, finishing in the green. The GPD suggested an increase in economic growth of 7.1 percent, which bulls did not find impressive. Benchmark yields fell as bond spreads narrowed. Tuesday saw the end of the 5s-30s inversion. The inversion highlighted the prospect of a recession as a result of the Fed's interest rate hikes. Gold prices increased as the currency and Treasury yields fell. The dollar sank as the currency's safe-haven attraction waned and the Euro strengthened. Oil prices have risen as the US weighs more sanctions against Russia in areas critical to the country's invasion of Ukraine.

 

According to ADP's Private Payroll Report, private payrolls increased by 455,000 in March, above expectations. In March, economists predicted that 450,000 additional jobs would be generated. The preceding month's total was 486,000. The leisure and hospitality sectors added the most jobs, 161,000 in total. Despite a tighter labor market exacerbated by the Fed's aggressive stance, hiring remains healthy. This report comes just two days before the highly anticipated nonfarm payrolls report, which indicates job growth.

Technical analysis

Silver prices reached a high of almost $25.00, tested the 10-day moving average, and then fell to $24.80. While silver is now trading higher, the Russia-Ukraine peace talks indicate a downward trend. Critical US data and diminishing geopolitical uncertainties will cause the metal to fall. Additional weakness might result in a test of the 200-day moving average. The $26.00 level will be a litmus test, although bull prices are very certainly capped.

 

Support is located near the 50-day moving average at approximately 24.32. Near the downward sloping trendline near 25.7, resistance is seen. The short-term momentum went positive as a crossover buy signal was triggered by the fast stochastic.

 

The medium-term momentum is negative, as indicated by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative but decelerating, indicating an upward trend in price movement.


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