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July 17th - According to real-time data from Lighthouse Pro, as of 3:10 PM on July 17th, the film "Kung Fu Womens Soccer" has surpassed 1 billion yuan at the box office.On July 17, Senior Colonel Jiang Bin, spokesperson for the Ministry of National Defense, issued a statement regarding recent military-related issues. It was reported that the Philippine Defense Minister recently visited Zhongye Island to participate in activities commemorating the tenth anniversary of the "South China Sea Arbitration Ruling." What is your comment on this? Spokesperson Jiang Bin stated that China has indisputable sovereignty over the Nansha Islands, including Zhongye Island, and their adjacent waters. The Philippine Defense Minister, sanctioned by China, is attempting to demonstrate a so-called "tough stance against China" through political posturing and inciting nationalist sentiment, seeking personal political gain, ultimately harming the fundamental interests of the Philippines and its people. The "South China Sea Arbitration Case" was, from beginning to end, a political farce disguised as law; the so-called "ruling" has absolutely no legal effect. China does not accept, recognize, or accept any claims or actions based on this "ruling." No matter how some people in the Philippines perform, it cannot change the historical and legal fact that the relevant islands and reefs belong to China, nor can it shake the firm resolve of the Chinese military to safeguard national territorial sovereignty and maritime rights.July 17th - A survey shows that market institutions are raising their expectations for European stocks. UBS was the most bullish in its July survey, predicting the Stoxx Europe 600 index will rise 8% by the end of this year. Bank of America, Deutsche Bank, and Kepler Cheuvreux also raised their target forecasts. The average forecast of the 18 strategists surveyed is that the index will close at 647 points by the end of 2026. While this level is less than 1% higher than the current level, bearish views are decreasing, with only 5 survey participants predicting a decline in the index. UBS strategist Gerry Fowler said, "Currently, the upside risks may outweigh the downside risks." Beata Manthey, head of European equity strategy at Citigroup, said, "We remain bullish on the outlook for European stocks over the next 12 months and are encouraged by the recent revisions to European corporate earnings forecasts. The recent upward revisions in earnings forecasts are remarkable in terms of magnitude, breadth, and timing."July 17th – At the "Global Governance and Sustainable Development of Artificial Intelligence: Challenges and Responses" forum, a sub-forum of the 2026 World Artificial Intelligence Conference, the upgraded "YiJian" 2.0 ethical review intelligent agent system was launched. Building upon its capabilities in basic research ethical review, "YiJian" 2.0 expands its scope to include artificial intelligence ethical review, focusing on AI applications in medicine. It achieves three major upgrades: knowledge rules, intelligent agent capabilities, and application systems, providing more intelligent, efficient, and standardized support for scientific and technological ethical review.July 17th Futures News: On July 17th, the Shanghai Futures Exchanges energy and chemical warehouse receipts and changes are as follows: 1. Pulp futures warehouse receipts: 312,759 tons, a decrease of 5,074 tons compared to the previous trading day; 2. Pulp futures mill warehouse receipts: 20,000 tons, unchanged compared to the previous trading day; 3. Offset paper futures warehouse receipts: 2,758 tons, unchanged compared to the previous trading day; 4. Offset paper futures mill warehouse receipts: 6,600 tons, a decrease of 40 tons compared to the previous trading day; 5. Fuel oil futures warehouse receipts: 3... 3,660 tons, unchanged from the previous trading day; 6. Petroleum asphalt futures warehouse receipts: 11,290 tons, unchanged from the previous trading day; 7. Petroleum asphalt futures factory warehouse receipts: 20,110 tons, unchanged from the previous trading day; 8. Medium-sulfur crude oil futures warehouse receipts: 2,961,000 barrels, unchanged from the previous trading day; 9. Low-sulfur fuel oil futures warehouse receipts: 0 tons, unchanged from the previous trading day; 10. Low-sulfur fuel oil futures factory warehouse receipts: 0 tons, unchanged from the previous trading day.

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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