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On July 18th, at the 2026 World Artificial Intelligence Conference, renowned futurist and "father of the Silicon Valley spirit," Kevin Kelly, stated in a media interview that if one day everyone starts to care about the cost of tokens, the existence of open-source models will be an advantage for Chinese AI. Kelly mentioned that the cost of token consumption is becoming increasingly important, while currently, people dont seem to care about the cost. "But I think that when we are constantly consuming such a huge amount of tokens, people will become concerned (about the cost). If you can provide a model with a cost that is only one-tenth of Anthropics, then it will be a game-changer." However, Kelly also cautioned that the open-source model requires sufficient funding to operate, as it is not as profitable as the closed-source model. "Building these large models requires a huge amount of capital."A spokesperson for the Kuwaiti Ministry of Defense stated that since early this morning, the armed forces have detected enemy ballistic missiles and drones in Kuwaiti airspace and have intercepted and dealt with them. Iranian attacks continue to target multiple military and security facilities in Kuwait, as well as several critical infrastructure and civilian facilities. The attacks affected facilities in the oil and power sectors, causing fires and significant damage.The Ukrainian Ministry of Defense reported that in the first half of 2026, the Ukrainian military signed drone contracts totaling approximately $7.5 billion, double the total for the previous year. FPV drones accounted for the largest share of these contracts.The China Earthquake Networks Center officially reported that a 5.3-magnitude earthquake occurred in Tajikistan (37.70°N, 72.55°E) at 18:36 on July 18, with a focal depth of 140 kilometers.According to Irans Labour News Agency (ILNA), the Speaker of the Lebanese Parliament stated that the most urgent task is for the Israeli regime to completely withdraw its troops from Lebanese territory and end the occupation.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.


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