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The UAEs nuclear regulator stated that no radioactive leaks occurred following the Barakah nuclear power plant incident, and there is no risk to the public.On May 18, shipping giants CMA CGM and Hapag-Lloyd announced on Sunday that they had suspended all bookings to and from Cuba until further notice. Both companies cited a May 1 U.S. executive order, the latest blow to Cubas crisis-ridden economy. Two sources said the temporary suspension of new orders by the worlds two largest shipping companies could jeopardize up to 60% of Cubas freight volume. This comes after the U.S. oil blockade severely restricted Cubas fuel supply. The executive order signed by Trump on May 1 expanded existing U.S. sanctions on Cuban trade to include "any foreign person doing business in the energy, defense and related materials, metals and mining, financial services or security sectors of the Cuban economy, or any other sector of the Cuban economy."The Saudi Ministry of Defense stated that it has intercepted three drones launched from Iraq, which were shot down after entering Saudi airspace. It reserves the right to respond at the appropriate time and place.May 18 - A new poll released by Kyodo News shows that the approval rating for Japanese Prime Minister Sanae Takaichis cabinet has dropped 2.5 percentage points from the previous survey to 61.3%. Among the respondents, 70.6% expressed concern about potential disruptions to the supply of naphtha, a petroleum derivative.On May 18, the Liuzhou Earthquake Relief Headquarters in Guangxi issued a notice activating a Level III earthquake emergency response. The notice stated that a 5.2-magnitude earthquake occurred at 00:21 Beijing time on May 18, 2026, in Liunan District, Liuzhou City, Guangxi (24.38°N, 109.26°E), with a focal depth of 8 kilometers. The epicenter was located in Taiyangcun Town, Liunan District, 2 kilometers from the town center, 13 kilometers from the urban area of Liunan District, and 16 kilometers from the urban area of Liuzhou City. Significant tremors were felt in all areas. In accordance with the relevant provisions of the "Liuzhou Earthquake Emergency Plan," a Level III earthquake emergency response was activated from 01:00 on May 18. All relevant departments were required to enter emergency status and carry out earthquake relief work, including rescue and relief, emergency duty, information gathering, disaster investigation, and social stability maintenance.

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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