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On December 24th, Zotye Automobile announced that its ninth board of directors, at its sixth extraordinary meeting of 2025, passed a resolution to reach settlements with the Yongkang branches of the Bank of China and China Construction Bank. Previously, in two financial loan contract disputes, the Yongkang branch of the Bank of China applied to freeze 50,000 yuan and related shares, while the Yongkang branch of China Construction Bank applied to freeze 4.2142 million yuan and related shares. Both freezes were subsequently lifted, and neither case went to trial. Recently, the company reached settlements with both banks. With the Yongkang branch of the Bank of China, the company is required to repay 222 million yuan in principal and interest, with 10.178 million yuan to be paid before December 31, 2025, and the remaining balance to be paid before January 31, 2026. With the Yongkang branch of China Construction Bank, the company is required to repay 183 million yuan in principal and interest, with 10 million yuan to be paid before December 31, 2025, and the remaining balance to be paid before January 31, 2026. These settlements will facilitate the companys asset revitalization and resumption of production.An EU spokesperson stated: "If necessary, the EU will respond swiftly and decisively to defend our regulatory autonomy and resist unfair practices."An EU spokesperson stated that the EUs digital rules provide a safe, fair, and level playing field for all companies and are implemented in a just and non-discriminatory manner.EU spokesperson: Freedom of expression is a fundamental right in Europe and a core value shared by the entire democratic world and the United States.On December 24th, Audiway announced that it recently received a project designation notice from a leading intelligent driving system integrator, confirming that the company will supply automotive-grade intelligent sensors. According to the clients forecast, the project is expected to start mass production and delivery in December 2026, with a life cycle of 3 years and an estimated total contract value of RMB 176 million (excluding tax).

Silver Gaps Higher to Start the Trading Week

Daniel Rogers

Jul 19, 2022 11:57

 截屏2022-07-19 上午11.48.32.png

 

As the $19 level is under threat, silver prices have gapped upward to start the trading week on Monday. Nevertheless, given the strong resistance in the region, I wouldn't be at all surprised if sellers jumped into the market and underpriced it. The $20 level may be the next objective, even if we break above the $19 level. Since silver is more of an industrial metal than a precious metal, the market will likely continue to view it with distrust.

 

The current state of the world economy is fraught with uncertainty, which is not the best atmosphere for rising silver prices. As a result, I believe we will keep looking for rallies you may join and then start fading. I think that sector is also another spot where you might see sellers reappear because the 50 Day EMA is now around the $21 level and declining fairly swiftly.

 

Breaking down below the $18 mark below would allow for new selling that might take us much lower. In the end, I believe that this market will continue to exhibit "fade the rally" characteristics, barring a significant shift in the Federal Reserve's attitude on monetary policy. I just don't see it occurring anytime soon, therefore from what I can see, the silver market is still in dire straits. In reality, the majority of commodities appear to be seriously in danger.


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