• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The Chilean Foreign Ministry announced that Chile will close its embassy in Iran on August 31, but will not sever diplomatic relations with the country. The ministry stated that this decision was also made "precautionary" due to the security situation in the Middle East.The secretary of Irans Supreme National Security Council stated that Tehran will not succumb to US economic pressure and the Strait of Hormuz will remain closed until Washington fulfills its commitments.August 23 - According to the website of the China Maritime Safety Administration, the Zhanjiang Maritime Safety Administration issued a navigation warning that live-fire exercises will be conducted in parts of the South China Sea from 8:00 to 18:00 daily from August 24 to 28, and entry is prohibited.Conflict Situation: 1. According to Saudi media Hadas: Israel conducted airstrikes between the towns of Salbin and Rashaf in southern Lebanon. 2. Israel Defense Forces: The Israel Defense Forces recently opened fire on a terrorist preparing for a terrorist attack in southern Syria. 3. According to Saudi media Hadas: Military sources stated that the Yemeni National Resistance Navy destroyed a Houthi speedboat loaded with explosives in the Bab el-Mandeb Strait. Strait of Hormuz: 1. A Turkish merchant ship was attacked in the Black Sea, resulting in 1 death and 8 injuries. 2. Iranian media: Iran has decided to allow some Iraqi oil tankers to pass through the Strait of Hormuz. 3. US Energy Secretary: Oil flows smoothly through the Strait of Hormuz due to the protection of the US Navy. 4. Axios, citing US officials, reported that approximately 16 million barrels of oil left the southern route of the Strait of Hormuz on Friday night. Other Matters: 1. Iran: Defense equipment production doubled overall in the past year. 2. Iran: The United States has declined and no longer possesses international prestige. 3. Repair work at Irans South Pars No. 14 oil refinery is 70% complete. 4. Iranian Foreign Ministry: The new US sanctions against Iran have no basis in international law. 5. Iranian official: Any country involved in economic restrictions against Iran is considered an enemy. 6. Israeli Defense Minister: Turkey intends to conduct activities at Syrian bases that endanger Israeli security. 7. Palestinian Vice President: The decision to hold legislative elections next November will not change. 8. Israel: Israel says it has no intention of escalating the conflict with Turkey and will never accept Turkish troops stationed in Syria. 9. Senior Iranian security official: Trumps reckless behavior has spurred countries to desire nuclear weapons. 10. Iranian Parliament Speaker Ghalibaf: Iran has received information from neighboring countries regarding the establishment of "new security arrangements and economic cooperation." 11. Secretary of Irans Supreme National Security Council Rezaei: Iran will strike at the interests of countries that assist the US in waging economic war against Iran. 12. Japanese Foreign Minister: Many challenges remain regarding the Iranian issue. I had in-depth discussions with the Saudi minister on a range of issues, including urging the US and Iran to resume negotiations as soon as possible, creating a favorable environment for reaching a final agreement, and ensuring free and safe navigation in the Strait of Hormuz and the Bab el-Mandeb Strait. We will further deepen our cooperation in the future.Conflict Update: 1. Putin stated that Russian forces have intensified their crackdown on Ukrainian businesses. 2. Ukraine attacked a Russian logistics center, causing a fire. 3. According to TASS, Russian President Putin stated that Ukraines attacks on economic targets have opened a "Pandoras box." 4. The Russian Ministry of Defense reported on the 21st that Russian forces continued their strikes against ports and vessels serving the interests of the Ukrainian armed forces. The report stated that Russian drones struck a military warehouse in the port of Leny; a Ukrainian naval patrol boat in the port of Chernomorsk; and port infrastructure used for storing military supplies in the southern port. Additionally, Russian forces seized control of a settlement in the Donetsk region. 5. Ukrainian President Zelenskyy posted on social media on the 21st that Ukrainian forces launched a long-range strike early that morning, hitting two important Russian targets: an oil refinery and a military airport. Ukraine also stated that it had achieved results on the Black Sea front, but did not disclose specific targets or damage levels. 6. A Ukrainian drone strike on a warehouse belonging to Russian online retailer Ozon killed at least 10 people. Other developments: 1. Russia is reportedly considering purchasing grain to offset the impact of export disruptions. 2. Indian Ministry of External Affairs: Indian External Affairs Minister S. Jaishankar will pay an official visit to Russia from August 23 to 24. 3. Ukrainian President Zelensky: Discussed the air defense shortage with French President Macron, and Macron agreed to expedite the delivery of the latest French equipment.

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.

 

image.png