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On August 14th, Guangzhous Haizhu District released "Eight Measures for Word Element Development." The policy extends from word element production efficiency, service aggregation, and distribution centers to application scenarios, OPC cultivation, industry upgrading, financial services, and overseas expansion, essentially covering the main stages of word element production—circulation—consumption—value-added. On the word element production side, large model companies are encouraged to improve word element production efficiency per unit chip through technological optimization. Eligible companies will receive support of up to 50% of their actual investment, with a maximum of 1.5 million yuan per company per year. On the industry platform side, companies are supported in developing heterogeneous computing power word element packaging, multimodal model aggregation access, and one-stop settlement services, with eligible companies receiving up to 4 million yuan in support. Support is also provided for building a word element access center that supports cross-model, cross-modal, and multi-heterogeneous platform access, with a maximum support of 4 million yuan.SanDisk (SNDK.O) rose 4.6% in pre-market trading in the U.S.Market news: The UK Parliaments Standard Inquiry into Reform Party leader Nigel Farage is now listed as "active" on the Parliament website, previously showing as "suspended".Applied Materials (AMAT.O) shares fell 5% in pre-market trading on the U.S. stock market.The UKs Office for Maritime Trade Operations reported that an oil tanker was attacked by a drone while transiting the Strait of Hormuz on Thursday. The ship sustained minor damage, the crew is safe and all have been confirmed, and no environmental impact has been reported.

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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