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July 31st – “Willing to reserve the city’s best resources and optimal environment for innovation.” At a press conference held by the Anhui Provincial Government on the morning of the 31st, reporters learned that Hefei City will continue to prioritize science and technology, uphold its industrial development strategy, strengthen the leading role of enterprises in innovation, and further improve its innovation ecosystem to stimulate innovation vitality. Zhang Quan, Mayor of Hefei Municipal People’s Government, introduced that Hefei City adheres to leading the development of new-quality productivity through scientific and technological innovation, willingly reserving the city’s best resources and optimal environment for innovation. The city’s total R&D investment intensity reached 4.11%, ranking 12th among global research cities and 39th among “science and technology clusters.” He stated that scientific and technological innovation is a distinctive characteristic of Hefei and its core competitive advantage. Looking towards the “15th Five-Year Plan,” Hefei City will focus on the transformation of scientific and technological achievements, accelerating the resolution of the problem of the innovation chain and industrial chain being “difficult to connect,” while fully participating in the joint construction of the Shanghai (Yangtze River Delta) International Science and Technology Innovation Center and serving and supporting the substantive reform of Hefei Binhu Science City.Frances July harmonized CPI rose 0.6% month-on-month, below the expected 0.30% and the previous reading of -0.30%.Frances preliminary July CPI annual rate was 2.1%, below the expected 1.80% and the previous value of 1.80%.Frances preliminary CPI monthly rate for July was 0.6%, below the expected 0.30% and the previous reading of -0.30%.Frances PPI fell 0.6% month-on-month in June, with the previous figure revised from -0.30% to -0.2%.

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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