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On October 12, Afghan government spokesman Zabiullah Mujahid denied media reports that Afghanistan and the United States had reached an agreement on Bagram Air Base at a press conference in Kabul, the capital. He stated that Afghans would not hand over any of their land to any other country. Mujahid pointed out that the Afghan government is willing to engage in political and economic exchanges with all countries, including the United States, and hopes that "the United States will reopen its embassy in Kabul and initiate active engagement through diplomatic channels, rather than focusing solely on Bagram Air Base."On October 12, Bama Tea Co., Ltd. updated its post-hearing information package, which means that the companys IPO on the Hong Kong Stock Exchange has passed the hearing. The sponsors are Huatai International, ABC International, and Tianfeng International.Pakistani military: 23 Pakistani soldiers were killed in the border conflict with Afghanistan, and more than 200 people were killed on the Afghan side.Iraqs State Oil Marketing Organization SOMO: Iraq set the official selling price of Basra Medium crude oil to Asia in November at a premium of $0.85 per barrel over the average Oman/Dubai price.On October 12th, Ukrainian President Volodymyr Zelensky stated that Russian forces have continued to conduct airstrikes and artillery bombardments across Ukraine over the past week. The Russian military has used over 3,100 drones, 92 missiles, and approximately 1,360 precision-guided bombs in this weeks attacks. Zelensky stated that Russia has intensified its attacks on Ukrainian cities and energy facilities, causing significant casualties and damage to infrastructure.

Silver Prices Increased in Response to Growing Inflation Concerns

Larissa Barlow

Apr 19, 2022 09:47

Silver prices increased today as inflationary pressures increased, indicating a bullish rise. The ten-year yield touched a three-year high near 2.849 percent as investors closely monitor inflation following last week's data and the Russia-Ukraine conflict.

 

Gold prices extend their gains, reaching a one-month high on inflation fears. Oil prices rose in tumultuous trading as limited global supply was worsened by Libyan production disruptions. Due to the scarcity of supply, even a slight disruption has a disproportionate influence on price fluctuation.

 

Homebuilder morale is being weighed down by rising mortgage rates and supply chain delays. Builder confidence in single-family houses declined two points to 77 in April.

 

At the beginning of March, the average 30-year mortgage rate was approximately 3.90 percent. It is now 5.15 percent, the highest level in more than a decade. Mortgage rates are increasing, which is contributing significantly to the increase in new and existing property prices.

Technical Evaluation

In Monday's trading session, silver prices jumped over the 200-day moving average. Prices broke over the $26.00 resistance level, indicating a possible bullish breakout with short-term gains. Support is located near the 10-day moving average, which is now at $25.16.

 

Near the $26.40 level, resistance is located. If prices break above that level, they may test the early March high above $27.00. The short-term momentum is bullish, as the fast stochastic generated a buy signal upon crossover.

 

The medium-term momentum is positive, as indicated by the histogram's positive correlation with the MACD (moving average convergence divergence). The MACD histogram's trajectory is positive, indicating an upward trend in price movement.

 

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