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Ceasefire Negotiations 1. Iran – ① Iranian Foreign Ministry: No final conclusion has been reached on the Iran-US agreement. All matters concerning the agreement are speculation. ② Iranian media: There is a high probability that Iran will approve the text. ③ Iranian Armed Forces: If the US attacks again, it will suffer a more violent response. 2. United States – ① Trump: The agreement is expected to be signed this weekend. The Supreme Leader has agreed to reach an agreement, and all parties in Iran have approved the US-Iran agreement; he refused to set a deadline for the agreement; once the agreement is signed, the US will lift the blockade. ② US media: The three major differences have been narrowed under Qatars mediation. 3. Israel – ① Israel: Trump promised that Iran would limit missile production and stop regional support. ② Israel was surprised by Trumps post. Israeli Prime Minister Netanyahu learned of this during a cabinet meeting. 4. Others – ① Sources say that dialogue on Lebanon and regional security will continue after the US-Iran agreement is reached. ② Pakistan, Qatar, Saudi Arabia, Egypt, and Turkey gathered to assess mediation efforts regarding the US-Iran situation. Strait of Hormuz 1. Iran – ① Iranian Foreign Ministry: The strait remains closed. 2. The United States—① U.S. Central Command: Since imposing the blockade on April 13, it has crippled 9 ships and forced another 135 to change course. ② Trump: The strait may open on Saturday or next Monday. ③ U.S. military: The Strait of Hormuz remains open to traffic. 3. Others—① Indian Ministry of Shipping: 13 Indian-flagged ships ran aground in the Strait of Hormuz; Indian Ministry of External Affairs: All three ships attacked were carried out by the U.S. Navy. Other situations: 1. Kuwait Civil Aviation Authority announced that flights suspended due to the Iranian attack have resumed. 2. According to Axios: The Israeli government expects to allocate more than $350 million over several years to relocate 61 newly approved settlements. 3. Bessant: Any damage to Gulf allies will be paid for with Iranian funds, and Iran will lose its ongoing zero-sum game. If necessary, the U.S. will withdraw funds from Iranian accounts.On June 12, Iranian Foreign Ministry spokesman Baghae stated on the 11th that all matters concerning the US-Iran agreement were speculation. To date, Iran has not reached a final conclusion on the agreement. Baghae also stated that the situation in the Strait of Hormuz has become more insecure due to US actions. Baghae further stated that Qatar and Pakistan are actively playing a mediating role, but US actions have affected the diplomatic process. He said that Iran was aware of the progress of the negotiations from the beginning, and most of the text of the agreement was completed, but the US has continuously changed its position. Iran has proven that it will never compromise on issues that it considers "red lines."June 12 - According to a report by Iranian state television on the 11th, a spokesperson for the Iranian Foreign Ministry stated that Iran has not yet reached a final conclusion on the Iran-US agreement, and all reports from the outside world regarding the agreement are speculation, with no details yet finalized.Iranian Foreign Ministry Spokesperson: Once we reach a conclusion that the text of the memorandum of understanding can safeguard the interests of the Iranian people, we will release it.Iranian Foreign Ministry spokesman: If Iran intended to abandon its principled position under pressure and threats, we would have done so a year ago.

Silver Prices Are Under Pressure as Yields Increase

Larissa Barlow

Apr 22, 2022 09:58

Silver prices have continued to fall as benchmark rates have risen in anticipation of tighter monetary policy. Benchmark rates continue to rise as Fed Chair Powell addresses the International Monetary Fund. This situation has developed as investors express anxiety about rising inflation and a more hawkish monetary policy stance.

 

Gold prices fell as government yields continued to rise and the market became more risk-averse. Oil prices rose higher in a limited range following the IMF's downgrade of economic growth forecasts and supply disruptions from Libya.

 

Weekly unemployment claims totaled 184,000, down 2,000 from the prior week. Dow Jones estimated the number at 182,000. The data indicates that the labor market continues to be tight.

 

Job vacancies and demand for workers outstripped the labor pool. While the job market has improved, it has not yet returned to pre-pandemic levels.

 

The Philadelphia Manufacturing Index, which tracks order placement, delivery timelines, and shipments, was 17.6. This reading indicated a ten-point fall from March. delivery schedules. Manufacturing increased, but at a slower pace than predicted. 

Technical Evaluation

Silver prices are under pressure, lingering near the $26.5 mark, as bearish sentiment continues to weigh on the safe-haven metal. Despite growing inflation, silver prices continue to decline. A recovery attempt may run into opposition at the critical psychological level of $25.00, but an upward advance will be met with additional selling.

 

Support is located near the low of April 5th, around $24.25. Resistance is located near the $25.30 10-day moving average. Short-term momentum is bearish, as the fast stochastic has crossed below the zero line, signaling a sell signal.

 

The medium-term momentum has shifted to the downside, as evidenced by the histogram's negative correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is negative, indicating a downward trend in price movement.

 

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