Abstract: Recently, the European epidemic has rebounded. The number of new cases in a single day in the UK hit a four-month high, and the number of new cases in France also hit a new high.
September 21 News Recently, the European epidemic has rebounded. The number of new cases in a single day in the UK hit a four-month high, and the number of new cases in France also hit a new high. Chinese experts pointed out that the spread of the new crown virus is strong, and the second wave of epidemics is inevitable and will continue for a long time.
On Monday (September 21), silver futures opened at 27.005 US dollars per ounce, the highest reached 27.130 US dollars per ounce, the lowest touched 26.650 US dollars per ounce, as of press time, temporarily reported 27.065 US dollars per ounce, a decrease of 0.24%.
Epidemic rebound in Europe
Worldometers world real-time statistics show that as of 8:17 on September 21, Beijing time, the cumulative number of confirmed cases of new coronary pneumonia worldwide exceeded 31.22 million, reaching 3,220,096; the cumulative number of deaths exceeded 964,000, reaching 964,761. The United States exceeded 7 million cases, reaching 7001273; the cumulative number of deaths exceeded 204,000, reaching 204,118. A forecast published by the Centers for Disease Control and Prevention (CDC) on September 17 showed that the number of deaths from new coronary pneumonia in the United States will reach 218,000 by October 10.
India, which has the world's second-largest number of confirmed diagnoses, has an additional 90,000 in a single day. In addition, the epidemic in Europe rebounded, the number of new cases in a single day in the UK hit a four-month high, and the number of new cases in France exceeded 13,000 and hit a new high.
Dr. Zhang Wenhong, director of the Department of Infectious Diseases at Huashan Hospital affiliated to Fudan University, said on the afternoon of September 20: The second wave (epidemic) is inevitable. He pointed out that the spread of the new coronavirus is very strong, but the fatality rate is not high. In Zhang Wenhong's view, it is this very unique phenomenon that has caused the virus to continue to spread throughout the world. Zhang Wenhong predicts that in principle, this round of epidemic will continue for a long time.
Zhang Wenhong said: "The second wave has appeared in the UK; the second wave in France has been half a month; the second wave in Spain has been more than half a month. The second wave is inevitable. For the world's expectations, do it for a year. The plan should be the lowest limit. In this case, China will still face import risks."
Silver futures market outlook
Silver futures are still in a sideways trade and fell slightly. Judging from the 1-hour chart, the green kinetic energy column has gradually shortened, and the short kinetic energy has weakened. Silver futures are expected to reverse the decline.
Adrian Day, president and chief executive officer of Adrian Day Asset Management, said that he is optimistic about precious metals because the market continues to hold major support through consolidation. He said: "There must be enough things in the world to support precious metals, especially the extreme easing policies implemented by central banks around the world."
Richard Baker, editor of the Eureka mining report, said that although precious metals are currently in trouble, low volatility and technical prospects indicate that they will rise in the near future. In his comments to Kitco News, he stated that Comex gold is expected to be traded at US$1980 and silver is expected to be traded at US$27.36 next week. Baker also said that he is bullish on precious metals because the dollar is still struggling. As market expectations of the Federal Reserve and the U.S. Treasury Department’s generous donation have increased, the outlook for the dollar has become increasingly bleak.