Abstract: A survey shows that the current COVID-19 mutant strain is the most concerned issue in the financial market.
On July 27, the new crown epidemic continues to spread. A new model from the University of Washington shows that as many as 60% of the new crown pneumonia cases in the United States have not been reported, which means that the actual infection situation in the United States is even worse. A survey shows that the current COVID-19 mutant strain is the most concerned issue in the financial market.
Silver futures opened at 25.255 US dollars per ounce on this trading day, the highest reached 25.275 US dollars per ounce, the lowest touched 25.145 US dollars per ounce, as of press time, temporarily reported 25.235 US dollars per ounce, a decrease of 0.33%.
60% of new crown cases in the U.S. may not be reported
With the spread of Delta virus, the new crown epidemic has shown a trend of rebound, and it should be noted that some cases may not be reported. A new model from the University of Washington shows that as many as 60% of new coronary pneumonia cases in the United States have not been reported. The actual situation is that nearly one in five Americans has been infected with the new coronavirus.
The model is designed to reduce bias in data collection. It is estimated that 65 million people (19.7%) in the United States have been infected as of March 7. The results of this study, published in the Proceedings of the National Academy of Sciences published on Monday, indicate that if mass vaccination campaigns are not continued, the United States is unlikely to achieve community-level protection.
A study published by the Massachusetts Institute of Technology earlier this month found that the actual number of infections in the United States may be 12 times higher than previously reported. A study published by the University of Minnesota in January estimated that 35% of deaths were not reported.
According to the July monthly market sentiment survey released by Deutsche Bank on Monday, the new variant of the new crown virus is currently the most concerned issue in the financial market, followed by inflation and economic growth. In recent weeks, the surge in cases of the Delta variant of the new crown virus has shaken the market and heightened concerns that global economic growth may have peaked.
Silver futures market outlook
Christopher Lewis, an analyst at FXEmpire, said that the silver market found that the 200-day moving average was once again a resistance during Monday's trading hours as the market is trying to figure out the next move. Frankly speaking, there are a lot of concerns regarding the global growth situation, so it will be interesting to see if this will continue to cause problems.
Rob Haworth, senior investment strategist at Bank of America Wealth Management, said investors may have to wait until September to see how the next phase of recovery unfolds. He said: "If the new crown pneumonia epidemic can be controlled again and schools can be reopened, then the economic recovery will enter a long-term expansion phase, interest rates will rise, and the precious metals market will face an unfavorable environment."
The Kshitij consulting service team pointed out that silver futures have short-term support at $25 per ounce and resistance at $26 per ounce. The trading range of $25-26 per ounce may be maintained for a period of time, and then it is expected to materialize towards either end of this range. In the medium and long term, if it falls below US$25/ounce, the price of silver will fall to US$24-23/ounce.
Silver futures fell slightly in the Asian market this trading day. Judging from the 1-hour chart, the green kinetic energy column is still continuing, but the kinetic energy is not strong.