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According to the official measurement of the China Earthquake Networks Center, a 3.2-magnitude earthquake occurred at 11:25 on June 17 in Haixi Prefecture, Qinghai Province (37.84 degrees north latitude, 95.53 degrees east longitude), with a focal depth of 10 kilometers.On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will continue to deepen the reforms of the ChiNext and Innovation Boards, implement the strategic deployment for developing future industries, and support the listing of more "hard technology" companies in fields such as quantum technology, biomanufacturing, and androids. At the same time, the CSRC will orderly promote the deepening of reforms on the ChiNext board, increase support for new consumption and modern service industries, and better serve the development of growth-oriented innovative and entrepreneurial enterprises.June 17th - Yadea Technology Group and Cainiao Network have recently reached a digital cooperation agreement, and the two parties held a launch meeting for the parts supply and sales platform project. In this cooperation, Cainiao will assist Yadea in building a "flexible supply chain system."On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated in his keynote speech that the CSRC strongly supports mergers and acquisitions (M&A) and refinancing of listed companies. He further emphasized the need to stimulate M&A activity, deepen refinancing reforms, and support eligible Hong Kong-listed companies to list domestically.On June 17, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated that the CSRC will release guiding opinions on regulating the development of artificial intelligence in the capital market at an appropriate time.

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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