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September 14th - The AI field has experienced explosive growth over the past year, a pace that seems to have overwhelmed leading AI developers in the short term. Now, these companies are calling for a slowdown in research and increased regulation and oversight. However, the AI security crises that have recently surfaced are unlikely to impact the clients of AI giants like Anthropic and OpenAI in the same way. Enterprises typically deploy commercially available models whose capabilities are well-understood by the market. These models may not be at the absolute cutting edge of AI, but their capabilities are powerful enough to handle the various tasks assigned to them by enterprises. Stephen Messer, co-founder of Collective, stated that most enterprises are not using the most advanced models. They may even be using versions from two years ago, which are perfectly adequate for their current work. Some users dont even know how to effectively provide prompts to their models. Therefore, a slowdown in AI development will not have a significant impact on them.September 14th - According to AXIOS, multiple sources revealed that Anthropic may still go public in 2026 despite growing concerns about AI safety. Previously, there was speculation on social media that Anthropic might want to postpone its IPO due to liability and regulatory issues surrounding new products. However, the maker of Claude may believe that the events of the past 48 hours have actually enhanced, rather than diminished, its IPO appeal—they believe that the transparency of being a publicly traded company will improve safety. According to Business Insider, Anthropic has already decided to list on Nasdaq.Polish Prime Minister Donald Tusk: Today I convened a meeting with ministers, as well as heads of the Polish Armed Forces and various departments, to discuss the next steps for strengthening border security.The market has now fully priced in four 25-basis-point rate hikes by the European Central Bank by the end of 2027.According to Axios, multiple sources have revealed that even though artificial intelligence security issues have become a hot topic, Anthropic may still go public in 2026, and the IPO schedule has not changed.

Forecast for Silver Price: XAG/USD is rising quickly and is approaching the $20.00 mark

Alina Haynes

Sep 15, 2022 11:43

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Silver price recovers around the 50-day exponential moving average and advances towards a daily high of $19.69 on Wednesday after the US Labor Department reported that August PPI was in line with predictions of diminishing inflationary pressures on the producer side. Therefore, the XAG/USD is trading at $19.61, 1.86% higher than its initial price.

 

Before Wall Street opened, the Bureau of Labor Statistics (BLS) of the United States reported that the Producer Price Index (PPI) for August decreased by 0.1%, in line with expectations, while the year-over-year figure fell to 8.7%, less than the 9.8% reported in July. Meanwhile, the so-called core PPI, which excludes volatile goods, increased by 0.4% month-over-month and 7.3% year.

 

In the meantime, the US Dollar Index, a measure of the dollar's value against a basket of six currencies, ended Wednesday's session down 0.15 percent, at 109.648, weighed down by US Treasury yields, particularly the 10-year benchmark note rate, which remained unchanged throughout the day at approximately 3.404%.

 

The US Dollar Index reflects the aforementioned by declining by 0.09% and falling below the 110.000 barrier. Similarly, the US 10-year benchmark note rate exhibits signs of weariness, remaining flat at approximately 3.414%.

 

The fact that US 10-year TIPS yields, a proxy for actual yields, rose by only one basis point to 0.939% was a further factor supporting the white metal price.

 

On Thursday, the US economic calendar will contain jobless claims, retail sales, and the New York and Philadelphia Fed Manufacturing Indices, which will serve as a precursor to the ISM report in October.

 

The daily XAG/USD chart depicts the white metal as neutral to bearishly biased. Nonetheless, if silver buyers recapture the $20,000 threshold, this might pave the way for a test of a four-month-old downslope trendline near $20.20 prior to reaching the 100-day EMA at $20.39. A breach of the latter will reveal the cycle high from August 15 at $20.87, ahead of the psychological milestone of $21.00.


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