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On September 12th, at the Xiongan Forum of the 2026 China Computing Power Conference, the Xiongan International Integrated Computing Power Scheduling Center officially launched. The center comprises two main modules: an integrated computing power scheduling platform and an international large-scale model service platform. The Xiongan International Integrated Computing Power Scheduling Platform aims to create a national-level cross-domain computing power scheduling hub, coordinating and aggregating diverse and heterogeneous computing power resources, connecting the computing power circulation network, and solving the problem of isolated computing power. The platform already covers eight national computing power hubs and connects to 44 computing power resource pools in 19 provinces across China, with a total computing power exceeding 27,000 petabytes. Based on the integrated computing power scheduling platform, the Xiongan International Large-Scale Model Service Platform focuses on token scheduling services, aggregating mainstream large-scale models across all categories, and will create a global large-scale model aggregation service hub.The National Highway Traffic Safety Administration (NHTSA) has recalled 223,472 Ford vehicles in the United States due to a potential road hazard caused by a detached fuel tank, which could increase the risk of a collision. Additionally, fuel leaks could cause the engine to stall or increase the risk of a fire.On September 12th, Liz Miller, founder and president of Summit Place Financial Advisors, stated that although the market widely expects the Federal Reserve to raise interest rates next week, further tightening is "fundamentally unnecessary" given the overall economic stability. Miller said, "I think most investors believe the Fed will raise rates next week, and I think the probability is high. But fundamentally, its unnecessary. Id love to hear the discussion at the decision-making meeting, because some Fed governors firmly believe that they need to act before overall inflation rises and bring it back to the 2% target. However, if we look at the rest of the economy from a patient perspective, its actually quite stable, and Im not sure if a broad-based rate hike is truly necessary. We can continue to observe whether rising oil prices will spread and see core inflation gradually decline."On September 12, 2026, Zhu Hexin, Vice Governor of the Peoples Bank of China and Director of the State Administration of Foreign Exchange, met with Wong Tin-yau, Chairman of the Hong Kong Securities and Futures Commission, and Leung Fung-yee, Chief Executive Officer. The two sides exchanged views on consolidating and enhancing Hong Kongs status as an international financial center and strengthening financial regulatory cooperation between the two places. Li Bin, Deputy Director of the State Administration of Foreign Exchange, accompanied the meeting.The Russian Ministry of Defense stated that Russian troops also attacked a metallurgical plant in the Zaporizhzhia region of Ukraine.

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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