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PANews reported on October 13th that Bank of America raised its gold and silver price forecasts for next year to $5,000 per ounce (average $4,400 per ounce) and $65 per ounce (average $56 per ounce). The extreme imbalance in the physical silver market is likely to normalize at some point, exacerbating volatility.

The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…

The post Ukrainian Drone Strikes Hit Moscow, St. Petersburg And Russia’s Economy appeared on BitcoinEthereumNews.com. In Kyiv, Ukraine, on December 6, 2024, President of Ukraine Volodymyr Zelenskyy, Commander-in-Chief of the Armed Forces of Ukraine Oleksandr Syrskyi, and Deputy Minister of Strategic Industries of Ukraine Anna Gvozdiar (L to R) attend the handover of the first batch of long-range Peklo (Hell) missile drones to the Defence Forces on the Day of the Armed Forces of Ukraine. Ukraine’s President Volodymyr Zelensky conveys the first batch of advanced Peklo missile drones to the military. During the event, it is reported that there have already been five successful uses. The Peklo missile drone, which has a strike range of 700 km and a speed of 700 km per hour, is launched into serial production. NO USE RUSSIA. NO USE BELARUS. (Photo by Ukrinform/NurPhoto via Getty Images) NurPhoto via Getty Images Kyiv is intensifying its air campaign, aiming not only to destroy Russian oil refineries but also to expose the vulnerabilities of the country’s elites. On September 9, a Ukrainian drone targeted Sochi on the Black Sea, just hours after President Vladimir Putin held meetings there. On September 12, a Ukrainian drone struck Russia’s Leningrad region for the first time, hitting the Primorsk oil terminal near St. Petersburg and forcing a temporary suspension at the country’s largest crude port. The drone threat also shut down St. Petersburg’s Pulkovo Airport. Ukraine’s drone offensive is showing results, intensifying pressure on the Kremlin as strikes deepen Russia’s fuel crisis and accelerate inflation. According to September data from the independent pollster Levada Center, a record 66% of respondents in Russia now say it is time to move toward peace negotiations, while just 27% support continuing military action – the lowest level ever recorded. In June, 58% also cited rising prices as their top concern. While public frustration with the war is rising, elites in…