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According to the Wall Street Journal: U.S. officials revealed that Iran launched an attack on a U.S. Navy ship on Monday, but the U.S. military has not publicly confirmed it. This comes after Iran launched ballistic missiles at a U.S. aircraft carrier and a guided-missile destroyer over the weekend. U.S. officials stated that the attack did not damage the U.S. ships, but Irans recent attempts to strike U.S. naval assets have raised concerns in the U.S. about its potential use of more advanced weaponry.Turkish Foreign Ministry: Türkiye strongly condemns the Houthi attacks on Saudi Arabia.On September 9th, Meta Platforms (META.O) launched Muse, a personal AI agent application that allows users to delegate digital tasks such as making appointments, filling out forms, and monitoring home cameras to an AI assistant. Alexander Wang, head of Meta AI, stated that Muse is powered by Metas Muse Spark series of underlying models and offers a free version as well as subscription services at $20 and $100 per month. He explained that Muse runs in an isolated environment within Metas computing infrastructure, does not read users actual passwords or payment information, and requests confirmation before performing sensitive operations. Users can choose whether to allow Meta to use their interactions with Muse to train AI models; if allowed, Meta will remove critical personally identifiable information before using it for model improvement. This product launch comes as Meta faces pressure regarding AI security, privacy, and ROI. Meta CEO Mark Zuckerberg previously stated that personal AI agents will be a key driver of the companys future product and revenue growth. Meta also stated that it is exploring business models related to AI agent-based shopping transactions.On September 9th, according to Tasnim News Agency, a small Iranian oil tanker was attacked by a US missile approximately 4 nautical miles from Khark Island. Local reports indicate the tanker was hit by a US projectile while anchored near Khark Island. The report states that there were no casualties, and the tankers crew is being evacuated. Authorities are currently investigating the extent of the damage and the specific circumstances of the incident; further information will be released as it becomes available.According to Israeli journalist i24, The Jerusalem Post has learned that the United States is currently attacking Iranian oil tankers.

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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