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May 17th - According to data from online platforms, as of May 17th, the total box office revenue for films in 2026 (including pre-sales) has exceeded 14.4 billion yuan.Qatars Ministry of Foreign Affairs: The Prime Minister and Foreign Minister of Qatar held a telephone conversation with the Saudi Foreign Minister. They reviewed bilateral cooperation and ways to further support and strengthen it, and also discussed regional developments, particularly those concerning the US-Iran ceasefire, as well as efforts aimed at de-escalating tensions and enhancing regional security and stability.According to Al Jazeera, the Israeli military stated that an "a suspicious aerial target" was detected after alarms were sounded in the northern Misgaff-Am region. The aircraft crashed near an area where Israeli forces were operating in southern Lebanon, and there were no casualties reported.On May 17th, Yonhap News Agency reported that Samsung Electronics labor and management will begin a second round of post-incident mediation at 10:00 AM local time on the 18th. Previously, the labor side had announced an 18-day general strike starting on the 21st, making the possibility of reaching an agreement through mediation to resolve the conflict and avoid a strike a major concern. Under the mediation of the Central Labor Committee of the Ministry of Employment and Labor, labor and management held marathon negotiations from the early morning of the 11th to the 13th, but failed to narrow the gap on performance bonus payment standards, leading to a breakdown in negotiations. The committee requested on the 14th that labor and management restart negotiations on the 16th, but this was refused. This time, both sides accepted the mediation request, and negotiations will resume after a five-day hiatus. Samsung Electronics Chairman Lee Jae-yong returned to South Korea on the 16th after an overseas business trip. Upon arriving at the Gimpo Business Aviation Center in Seoul, he called on labor and management to return to the negotiating table. Lee Jae-yong stated that at this moment, they should unite their strength and move in the same direction, and once again exert their utmost efforts to truly be proud to be "Samsung people." Minister of Employment and Labor Kim Young-hoon also met with representatives of labor and employers on the 15th and 16th respectively to explain the governments position and coordinate opinions.On May 17, according to Japans Kyodo News, a U.S. Navy sailor stationed in Japan was arrested by local police on suspicion of stealing a wallet and other items. The report stated that the incident occurred at approximately 2:15 AM local time (1:15 AM Beijing time) on May 17. The suspect allegedly stole a paper bag containing a wallet, smartphone, and other items worth approximately 105,000 yen (about 4,503 yuan) from a taxi in Sasebo City, Nagasaki Prefecture. The taxi driver called the police, reporting that a man suddenly got into the car, argued with a woman inside, and then stole the paper bag. The report also stated that the U.S. sailor is affiliated with the U.S. Marine Corps base in Sasebo and has denied some of the charges.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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