Silver Price Forecast: Why Silver Could Push Back Into The $80s The Silver price (in US Dollars) has staged a sharp August rebound, climbing back above $65 after spending much of July below $60.
RBC’s latest Fresnillo model points to a much stronger second half, with the bank saying: “We expect gold and silver prices to increase by +14% and +22% in the second half of the year.”
Its operating assumptions put silver at an average $77.48 an ounce in 2026, rising to $83.13 in 2027, before easing slightly to $80 in 2028.
Those figures sit well above current spot around $65.81 and imply that RBC still sees room for a sizeable recovery even after the latest rally. Silver has risen around 10% over the past month, with XAG/USD rebounding sharply from July’s low near $54.78.
The silver assumptions form part of RBC’s updated Fresnillo valuation work rather than a standalone commodity strategy note, but they are nonetheless important because they feed directly into the miner’s earnings https://www.exchangerates.org.u
RBC’s latest Fresnillo model points to a much stronger second half, with the bank saying: “We expect gold and silver prices to increase by +14% and +22% in the second half of the year.”
Its operating assumptions put silver at an average $77.48 an ounce in 2026, rising to $83.13 in 2027, before easing slightly to $80 in 2028.
Those figures sit well above current spot around $65.81 and imply that RBC still sees room for a sizeable recovery even after the latest rally. Silver has risen around 10% over the past month, with XAG/USD rebounding sharply from July’s low near $54.78.
The silver assumptions form part of RBC’s updated Fresnillo valuation work rather than a standalone commodity strategy note, but they are nonetheless important because they feed directly into the miner’s earnings https://www.exchangerates.org.u
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Wicknell Chivayo: Businesses, Companies Owned by Ruto's Regular State House Guest Wicknell Chivayo built a fortune estimated at over $100 million largely through government contracts, including a $173 million solar project that remains unbuilt nearly a decade later Chivayo has cultivated ties with multiple African presidents, including Kenya's William Ruto, and holds citizenship and a diplomatic passport in Eswatini His career spans fraud convictions, anti-corruption investigations, and a 2023 election materials scandal still under scrutiny by South African authorities. The airport expansion, one of Africa’s largest ongoing infrastructure projects, will include a new terminal and runway, boosting capacity from 14 to 63 aircraft movements per hour by 2029. Kenya will contribute approximately $1.3 billion, with the remainder financed by Chinese and local financial institutions through a newly established National Infrastructure Fund. https://www.tuko.co.ke/kenya/635874-the-enigma-sir-wicknell-businessman-philanthropist-state-house-regular/
Tuko.co.ke - Kenya news.
Wicknell Chivayo: Businesses, companies owned by Ruto's regular state house guest
Wicknell Chivayo, a polarising figure in Zimbabwe, built a $100 million empire through government contracts, while facing fraud convictions and ongoing scandals.
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Breaking barriers and building futures “The challenges facing our country, from infrastructure development to industrial growth and sustainability, require diverse perspectives, innovative thinking and collaborative leadership,” says Vashnee Naicker, Chief Operating Officer and shareholder of LNW Consulting Engineers and Project Managers. “When women are empowered to lead, innovate and contribute fully, we strengthen not only our companies but also South Africa's economy, infrastructure and future.” Those words encapsulate Naicker's vision for the future of engineering and the philosophy that has shaped her own career. Over the past 14 years, she has built a career defined by determination, continuous learning and strong leadership, playing a key role in shaping the strategic direction and continued growth of LNW Consulting Engineers and Project Managers. “Don’t let fear or stereotypes determine your future,” she says. “Engineering is one of the most rewarding professions https://www.miningweekly.com/article/
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AMX Falls 11.1% in 3 Months Amid Brazil Rivalry and Currency Risks https://www.zacks.com/stock/news/2972857/amx-falls-111-in-3-months-amid-brazil-rivalry-and-currency-risks?cid=CS-NEWSNOW-HL-analyst_blog_plus%7Czer_report_insights-2972857
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Jamie Dimon warns dollar dominance depends on the military: ‘If we’re not the strongest military in 25 years…we won’t be the reserve currency either’ https://fortune.com/2026/08/11/jamie-dimon-dollar-dominance-military/
Fortune
Jamie Dimon warns dollar dominance depends on the military: ‘If we're not the strongest military in 25 years…we won't be the reserve…
The JPMorgan Chase CEO said U.S. military might well be the only thing keeping the world from being “very dangerous for us.”
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India set to enter plastic currency era as one billion Rs 10 and Rs 20 polymer notes get nod India is all set to introduce new form of currency in the market as the central government has approved the Reserve Bank of India (RBI)'s proposal to conduct field trials of polymer banknotes in Rs 10 and Rs 20 denominations. https://www.dnaindia.com/india/report-india-set-to-enter-plastic-currency-era-as-one-billion-rs-10-and-rs-20-polymer-notes-get-nod-3218270
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U.S. Treasury is paying $3 billion a day in interest on national debt, says the CBO—having spent $10 billion to prop up the currency of its top lender The government’s nearly $40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments, according to a new report from the Congressional Budget Office (CBO).
In its August budget update, the CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026. That equates to $96.3 billion a month, or approximately $3.18 billion a day over the 303 days in between.
Interest payments on the debt have grown by $117 billion—or 14%—compared to the same period last year, the CBO added, on account of the debt being “larger than it was in the first 10 months of fiscal year 2025 and because of higher long-term interest rates.” The CBO, led by director Phil Swagel, added, “Declines in short-term rates partially mitigated the overall rise in interest payments.” https://fortune.com/2026/08/11/us-treasury-national-debt-interest-cbo-yen-unwinds/
In its August budget update, the CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year begins) and July 2026. That equates to $96.3 billion a month, or approximately $3.18 billion a day over the 303 days in between.
Interest payments on the debt have grown by $117 billion—or 14%—compared to the same period last year, the CBO added, on account of the debt being “larger than it was in the first 10 months of fiscal year 2025 and because of higher long-term interest rates.” The CBO, led by director Phil Swagel, added, “Declines in short-term rates partially mitigated the overall rise in interest payments.” https://fortune.com/2026/08/11/us-treasury-national-debt-interest-cbo-yen-unwinds/
Fortune
U.S. Treasury has borrowed $155 billion every month of this fiscal year—and is now paying $24 billion a week in interest on its…
Interest payments on the debt are now so large that the spending is higher than the outlays for the Departments of Defense, Commerce, Homeland Security, Education, the Environmental Protection Agency, the Small Business Administration, and the U.S. Coronavirus…
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President Trump announces that American citizen and former U.S. Marine Robert Gilman is finally coming home after more than four years of imprisonment in Russia, where he was detained in 2022 under the Biden administration.
"After my discussions with President Vladimir Putin, Russia has agreed to release him, very much on a Humanitarian Basis. We appreciate this decision, and the fact that Russia asked for no one in return — No exchange took place. Robert will land at Andrews Air Force Base, in Washington, D.C., tonight, where my Representatives, some of whom are on the plane with him, will welcome Robert back to THE UNITED STATES OF AMERICA! I just spoke to him, and he had one request — A GREAT cheeseburger when he lands. I will take care of that!" - President Donald J. Trump
GOD BLESS AMERICA! https://x.com/WhiteHouse/status/2087219047767171129?s=20
"After my discussions with President Vladimir Putin, Russia has agreed to release him, very much on a Humanitarian Basis. We appreciate this decision, and the fact that Russia asked for no one in return — No exchange took place. Robert will land at Andrews Air Force Base, in Washington, D.C., tonight, where my Representatives, some of whom are on the plane with him, will welcome Robert back to THE UNITED STATES OF AMERICA! I just spoke to him, and he had one request — A GREAT cheeseburger when he lands. I will take care of that!" - President Donald J. Trump
GOD BLESS AMERICA! https://x.com/WhiteHouse/status/2087219047767171129?s=20
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Full Production Card.. The Government "My Son's Clothing" Factory in Mosul Returns to Production After Years of Destruction and Ruin https://x.com/onenewsiq/status/2087228969313861689?s=20
X (formerly Twitter)
1 News - وان نيوز (@onenewsiq) on X
بطاقة إنتاجية كاملة.. معمل "ألبسة ولدي" الحكومي في الموصل يعود للإنتاج بعد سنوات من الدمار والخراب
#وان_نيوز
#المنصة_الإخبارية_الأولى_في_العراق
#وان_نيوز
#المنصة_الإخبارية_الأولى_في_العراق
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Forwarded from Melaniastasia Romanov
🇻🇪 VENEZUELA AND THE UNITED STATES MOVE TO REACTIVATE FINANCIAL MECHANISMS
Venezuela’s interim president, Delcy Rodríguez, held a high-level strategic meeting on Monday with officials from the United States Department of the Treasury and Department of State—a significant step aimed at “reactivating financial mechanisms.”
The meeting brought together representatives of the Venezuelan state and the U.S. delegation to review a shared economic development agenda. At the center of the discussions was a clear objective: to strengthen concrete, active agreements across several strategic areas, particularly trade, finance, and energy.
This was more than a formal diplomatic encounter. It was a working session focused on tangible mechanisms capable of producing measurable results. Both sides examined opportunities to restore financial channels, reinforce commercial cooperation, and advance energy arrangements that could contribute to greater economic stability.
One of the central issues was the stability of the energy market. Venezuela remains a country with enormous energy potential, and any serious effort to promote economic recovery must recognize the importance of a stable, predictable, and functional energy framework. The talks therefore addressed immediate interests and the broader need for coordination in a sector whose impact extends far beyond borders.
The reactivation of financial mechanisms was another decisive point on the agenda. Restoring these channels could facilitate commercial operations, unlock productive activity, improve access to investment, and support Venezuela’s socioeconomic development. Their true value will be measured by their impact on the real economy—industry, infrastructure, public services, employment, and the daily lives of Venezuelan families.
The meeting also signals a preference for dialogue grounded in results. After years of tension, restrictions, and political confrontation, attention is turning toward workable agreements and areas of shared interest. Trade, finance, and energy are not abstract diplomatic concepts: they are foundations for recovery, stability, and long-term development.
No single meeting can resolve every challenge, and the true test will be implementation. Commitments must become operating mechanisms; agreements must produce verifiable outcomes; and dialogue must translate into opportunities that benefit the Venezuelan people.
The message is direct: diplomacy must serve progress, financial channels must support productive growth, and energy cooperation must contribute to stability.
The next phase will depend on action. If the mechanisms discussed are genuinely reactivated and the agreements are carried forward, this meeting could mark an important step toward a more stable economic environment and a future shaped by cooperation, sovereignty, and tangible results.
A new stage will not be defined by declarations alone. It will be defined by what is built, restored, financed, and delivered.
Melaniastasia Romanov
Venezuela’s interim president, Delcy Rodríguez, held a high-level strategic meeting on Monday with officials from the United States Department of the Treasury and Department of State—a significant step aimed at “reactivating financial mechanisms.”
The meeting brought together representatives of the Venezuelan state and the U.S. delegation to review a shared economic development agenda. At the center of the discussions was a clear objective: to strengthen concrete, active agreements across several strategic areas, particularly trade, finance, and energy.
This was more than a formal diplomatic encounter. It was a working session focused on tangible mechanisms capable of producing measurable results. Both sides examined opportunities to restore financial channels, reinforce commercial cooperation, and advance energy arrangements that could contribute to greater economic stability.
One of the central issues was the stability of the energy market. Venezuela remains a country with enormous energy potential, and any serious effort to promote economic recovery must recognize the importance of a stable, predictable, and functional energy framework. The talks therefore addressed immediate interests and the broader need for coordination in a sector whose impact extends far beyond borders.
The reactivation of financial mechanisms was another decisive point on the agenda. Restoring these channels could facilitate commercial operations, unlock productive activity, improve access to investment, and support Venezuela’s socioeconomic development. Their true value will be measured by their impact on the real economy—industry, infrastructure, public services, employment, and the daily lives of Venezuelan families.
The meeting also signals a preference for dialogue grounded in results. After years of tension, restrictions, and political confrontation, attention is turning toward workable agreements and areas of shared interest. Trade, finance, and energy are not abstract diplomatic concepts: they are foundations for recovery, stability, and long-term development.
No single meeting can resolve every challenge, and the true test will be implementation. Commitments must become operating mechanisms; agreements must produce verifiable outcomes; and dialogue must translate into opportunities that benefit the Venezuelan people.
The message is direct: diplomacy must serve progress, financial channels must support productive growth, and energy cooperation must contribute to stability.
The next phase will depend on action. If the mechanisms discussed are genuinely reactivated and the agreements are carried forward, this meeting could mark an important step toward a more stable economic environment and a future shaped by cooperation, sovereignty, and tangible results.
A new stage will not be defined by declarations alone. It will be defined by what is built, restored, financed, and delivered.
Melaniastasia Romanov
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Hungary elects former top court chief Andras Baka as president
9 minutes ago
Hungary’s National Assembly has elected former Supreme Court chief Andras Baka as the country’s president, according to the daily Magyar Nemzet.
Baka was elected Hungary’s new president on Tuesday with 140 votes, constituting a majority in the National Assembly.
Baka was reportedly removed from office by the Fidesz government in 2011 when the Supreme Court was abolished. https://www.trtworld.com/article/0a3504330813
9 minutes ago
Hungary’s National Assembly has elected former Supreme Court chief Andras Baka as the country’s president, according to the daily Magyar Nemzet.
Baka was elected Hungary’s new president on Tuesday with 140 votes, constituting a majority in the National Assembly.
Baka was reportedly removed from office by the Fidesz government in 2011 when the Supreme Court was abolished. https://www.trtworld.com/article/0a3504330813
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Sole Proprietorships on the Rise More than 578,000 active sole proprietors were operating in Hungary at the end of June, up by more than 30,000 over the past year and 21,000 in the first half of 2026, business information provider OPTEN reported on Monday.
OPTEN noted that in 2024, Hungary recorded more active sole proprietors than companies for the first time. Five years earlier, companies had still held a clear lead. Since then, the number of active sole proprietors has increased by nearly 19%, while the number of companies has fallen by 7%. The two types of businesses have gradually moved closer together, eventually tipping the balance in favor of sole proprietorships.
According to OPTEN, the figures alone do not indicate that large numbers of companies have been converted into sole proprietorships. They do, however, clearly show that Hungary’s business structure is evolving differently from five years ago. https://hungarytoday.hu/sole-proprietorships-on-the-rise/
OPTEN noted that in 2024, Hungary recorded more active sole proprietors than companies for the first time. Five years earlier, companies had still held a clear lead. Since then, the number of active sole proprietors has increased by nearly 19%, while the number of companies has fallen by 7%. The two types of businesses have gradually moved closer together, eventually tipping the balance in favor of sole proprietorships.
According to OPTEN, the figures alone do not indicate that large numbers of companies have been converted into sole proprietorships. They do, however, clearly show that Hungary’s business structure is evolving differently from five years ago. https://hungarytoday.hu/sole-proprietorships-on-the-rise/
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Hungarian Forint: Near-term gains against Euro before renewed pressure - Commerzbank
Commerzbank’s Tatha Ghose describes recent Forint weakness as a high-beta correction that only partly erases post-election outperformance. He expects EUR/HUF to recover toward 350–355 if global risk sentiment improves, but warns that accelerating core inflation and narrowing real interest rates as MNB cuts will later weigh on HUF, limiting the durability of any interim recovery.
"This near-term correction should not be over-interpreted as the forint has only given up a fraction of its outperformance since the April election, which had brought regime change. The regime-change story itself has not disappointed; Tisza’s ratings remain strong, and Peter Magyar is moving ahead with reforms on multiple fronts."
"If the global risk backdrop were to ease, the forint would recover a part of its losses, with EUR/HUF moving back to the 350-355 range. Later, however, the familiar constraints and a falling real interest rate will weigh down on the exchange rate."
"July CPI data showed underlying core inflation measures accelerating."
"Hungary’s real interest rate is likely to narrow as MNB cuts rates and as underlying inflation momentum stays elevated."
https://www.fxstreet.com/news/hungarian-forint-near-term-gains-against-euro-before-renewed-pressure-commerzbank-202608110804
Commerzbank’s Tatha Ghose describes recent Forint weakness as a high-beta correction that only partly erases post-election outperformance. He expects EUR/HUF to recover toward 350–355 if global risk sentiment improves, but warns that accelerating core inflation and narrowing real interest rates as MNB cuts will later weigh on HUF, limiting the durability of any interim recovery.
"This near-term correction should not be over-interpreted as the forint has only given up a fraction of its outperformance since the April election, which had brought regime change. The regime-change story itself has not disappointed; Tisza’s ratings remain strong, and Peter Magyar is moving ahead with reforms on multiple fronts."
"If the global risk backdrop were to ease, the forint would recover a part of its losses, with EUR/HUF moving back to the 350-355 range. Later, however, the familiar constraints and a falling real interest rate will weigh down on the exchange rate."
"July CPI data showed underlying core inflation measures accelerating."
"Hungary’s real interest rate is likely to narrow as MNB cuts rates and as underlying inflation momentum stays elevated."
https://www.fxstreet.com/news/hungarian-forint-near-term-gains-against-euro-before-renewed-pressure-commerzbank-202608110804
FXStreet
Live Forex Rates - FXStreet
Check our Interbank Forex Rates Table from 140 liquidity providers, low latency, real-time and historical data for more than 1000 assets (FX, Commodities & Indices).
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The International Monetary Fund (IMF) in its World Economic Outlook for April 2026 noted India's nominal GDP at $3.92 trillion for 2025-26, which makes India the sixth-largest economy in the world, Parliament was informed on Tuesday. "The IMF's rankings are based on nominal GDP measured at prevailing US Dollar exchange rates. Consequently, the relative ranking of economies can change due to a combination of factors, including economic growth, movements in exchange rates and prices, revisions to national accounts and changes in the size and growth of other major economies," Minister of State for Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha.
The government has adopted a broad-based strategy to enhance the growth potential of the Indian economy, he said.
The strategy focuses on enhancing agricultural productivity, promoting manufacturing through initiatives such as the Production-Linked Incentive Schemes and relaxing Quality Control Orders, strengthening MSMEs, expanding world-class infrastructure, improving logistics through PM Gati Shakti and the National Logistics Policy, and fostering innovation, digitalization and research, he said.
The government is also promoting investment through sustained public capital expenditure, a liberalized FDI policy, an efficient and streamlined tax system through direct tax and GST reforms, and continued improvements in the ease of doing business, he said. https://www.business-standard.com/economy/news/india-6th-largest-economy-in-world-with-3-92-trn-gdp-govt-tells-parl-126081101053_1.html
The government has adopted a broad-based strategy to enhance the growth potential of the Indian economy, he said.
The strategy focuses on enhancing agricultural productivity, promoting manufacturing through initiatives such as the Production-Linked Incentive Schemes and relaxing Quality Control Orders, strengthening MSMEs, expanding world-class infrastructure, improving logistics through PM Gati Shakti and the National Logistics Policy, and fostering innovation, digitalization and research, he said.
The government is also promoting investment through sustained public capital expenditure, a liberalized FDI policy, an efficient and streamlined tax system through direct tax and GST reforms, and continued improvements in the ease of doing business, he said. https://www.business-standard.com/economy/news/india-6th-largest-economy-in-world-with-3-92-trn-gdp-govt-tells-parl-126081101053_1.html
Business-Standard
India 6th-largest economy in world with $3.92 trn GDP: Govt tells Parl
India's nominal GDP stood at $3.92 trillion in 2025-26, according to the IMF's April 2026 World Economic Outlook, MoS Finance Pankaj Chaudhary said in a written reply to the Rajya Sabha
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WHACKY WEDNESDAY W/ MEL 08/12/26
Please join Mel for updates & comments.
followed by Q&A if time allows
For entertainment purposes only
Date/Time
August 12, 2026
USA Wed. 8:00 pm EDT
Australia Thursday 10:00 am AEST
https://t.iss.one/Justmayhem
💜💜💜💜💜💜💜
WHACKY WEDNESDAY W/ MEL 08/12/26
Please join Mel for updates & comments.
followed by Q&A if time allows
For entertainment purposes only
Date/Time
August 12, 2026
USA Wed. 8:00 pm EDT
Australia Thursday 10:00 am AEST
https://t.iss.one/Justmayhem
💜💜💜💜💜💜💜
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911 million shares freed: Why SpaceX rallied into its own supply
The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing, and the freely tradable portion of the company jumped from under 5% of shares outstanding to nearly 12% in a single session. Every wire had flagged the date for weeks. The shares rose on the day and kept rising for three more.
That is not a market absorbing supply gracefully. It is a market that had already done its selling, and the distinction matters, because it dates the distribution to a stretch when most of the people selling did not own the shares.
https://www.fxstreet.com/analysis/911-million-shares-freed-why-spacex-rallied-into-its-own-supply-202608111814?utm_source=onesignal&utm_medium=push&utm_campaign=stocks
The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up. Roughly 911.5 million shares held by insiders and early backers became eligible to trade, around 43% more than the entire float sold at the listing, and the freely tradable portion of the company jumped from under 5% of shares outstanding to nearly 12% in a single session. Every wire had flagged the date for weeks. The shares rose on the day and kept rising for three more.
That is not a market absorbing supply gracefully. It is a market that had already done its selling, and the distinction matters, because it dates the distribution to a stretch when most of the people selling did not own the shares.
https://www.fxstreet.com/analysis/911-million-shares-freed-why-spacex-rallied-into-its-own-supply-202608111814?utm_source=onesignal&utm_medium=push&utm_campaign=stocks
FXStreet
911 million shares freed: Why SpaceX rallied into its own supply | FXStreet
The most heavily trailed supply event of the year landed on August 6, and the SpaceX (SPCX) stock went up.
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