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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 Remain Volatile

Alina Haynes

Jun 29, 2022 12:16

截屏2022-06-07 下午5.18.01.png 

 

During Tuesday's trading session, silver markets were quite active, as we continue to trade over the $21 barrier. The $21 level has been a pretty significant region, but the overall picture remains bearish. It is difficult not to notice the large "H pattern" on this chart, thus it is probable that we will attempt to reach the $20 level given sufficient time.

 

The $22 level above continues to provide resistance and will likely be significant owing to the 50 Day EMA approaching it once again. Ultimately, I believe this is a market that will always have a large number of sellers at rallies, mostly owing to the fact that US interest rates will continue to rise, so working against the value of silver. Additionally, pay particular attention to the US Dollar Index, as it has a negative association with this market.

 

I would not consider this market a buying opportunity until the silver market breaks over $22.50, because it has been so bearish for so long. I do feel that we will ultimately test the $20 level in the future, and a breach below that level would create significant selling pressure. Long-term, silver's price might go as low as $12 if it falls below the $20 threshold. Keep in mind that silver is also an industrial metal, which is not helping it as a worldwide recession is imminent.