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Hungarian opposition leader Maujólfa: Hungarian Prime Minister Viktor Orbán has called to congratulate us on our victory in the election.On April 13, several Israeli media outlets reported, citing senior Israeli defense officials, that the Israeli military had entered a "high alert" state, preparing for the resumption of military operations against Iran, as well as for a possible Iranian attack on Israel. As of now, the Israeli military has not commented on these reports.On April 13th, local time, on April 12th, after concluding his trip to Pakistan, Ghalibaf, the head of the Iranian delegation participating in the US-Iran negotiations in Islamabad, stated that the Iranian delegation had engaged in very in-depth, serious, and challenging discussions. Benefiting from the support of experts present, the delegation meticulously designed a series of measures to demonstrate Irans sincerity from a comprehensive and multifaceted perspective. He also stated that the Iranian delegation made it clear from the outset that it did not trust the Americans. The US must win Irans trust. Ghalibaf also responded to Trumps latest remarks on Iran, saying that such threats have no impact on the Iranian people. If the US wants to find a way out, the only way is to make a decision and win the trust of the Iranian people. Ghalibaf pointed out that if the US provokes, Iran will retaliate. Iran will not yield to any threats.According to Iranian state media, Irans chief negotiator, Qalibaf, told US President Trump: "If you provoke us, we will fight back; if you treat us with reason, we will treat you with reason."According to Iranian state media, Irans chief negotiator, Qalibaf, stated regarding US President Trumps new threats that such threats have no effect on the Iranian nation.

Silver Price Prediction - Silver Price Increased Due to Weak Dollar

Alina Haynes

May 12, 2022 11:03

On Wednesday, silver prices increased alongside the other precious metals. As yields decreased, the dollar declined. In spite of stronger-than-anticipated headline and core CPI reports, Benchmark rates declined today. Gold prices rose as the currency weakened.

CPI Rose Greater Than Anticipated

Wednesday, the U.S. Labor Department revealed April's CPI. The headline CPI came in at 8.3%, slightly lower than March but higher than the 8.1% experts had predicted. The study also revealed that the core CPI, excluding food and energy, rose by 6.2% year over year, which was greater than anticipated. The month-over-month growth also exceeded projections. The Bureau of Labor Statistics (BLS) stated that April inflation grew 0.3% on the headline CPI, compared to the 0.2% expected, and 0.6% on the core CPI, compared to the 0.4% expected gain.

Technical Evaluation

After falling, silver prices recovered, reclaiming short-term support near the September lows at 21.42.

 

Near the 20-day moving average of 23.52, there is observed to be resistance. The 20-day moving average has fallen below the 50-day moving average, indicating a medium-term decline. As indicated by the fast stochastic crossover buy signal, near-term momentum has turned positive. Prices are oversold since the fast stochastic is displaying a value of 13 below the oversold threshold of 20.

 

The medium-term momentum has become negative as the histogram and MACD both print in a negative direction (moving average convergence divergence). The MACD histogram is moving in a negative direction, reflecting the downward trend in price movement.

 

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