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August 23 - According to foreign media reports, the US Navy is testing a new air-to-air missile capable of striking targets more than 290 miles (465 kilometers) away, significantly exceeding the range of other known similar weapons. The US Navy states that the AIM-424 "Malice" missile, developed by Raytheon, a subsidiary of RTX Corporation, is roughly the same size as the currently deployed AIM-120 "Advanced Medium-Range Air-to-Air Missile" (AMRAAM). This means the missile can be fitted into the internal weapons bays of F-35 and F-22 stealth fighters. Peter Layton, a former Royal Australian Air Force officer and visiting scholar at the Griffith Asia Institute, stated that while missiles with this range could be used to strike high-value aerial targets such as command aircraft or refueling aircraft, they may be even more valuable for defending ships.On August 23, Iranian Oil Minister Mahmoud Ahmadinejad announced the discovery of a large natural gas field in southern Fars province. The field has proven reserves of over 7.5 trillion cubic feet (TCF), and with an estimated recovery rate of over 72%, approximately 5.7 trillion cubic feet are recoverable. He stated that this natural gas possesses a unique characteristic known as "sweet gas," which reduces development and extraction costs. He also revealed that in addition to this natural gas, Iran has discovered substantial condensate oil reserves, which will bring the country billions of dollars in new wealth.On August 23, it was reported that Nagoya University and Fujifilm have collaborated to develop a novel lipid nanoparticle (LNP) that, for the first time, efficiently delivers capped circular RNA (Cap-cirRNA) into animals, exhibiting a 10-fold increase in activity and extremely low inflammation, opening a new door for next-generation long-acting mRNA therapies. The related paper was published in the latest issue of the journal *Cell Biomaterials*.On August 23, Iranian Foreign Minister Araqchi stated that Iran has never been afraid of US sanctions, and all its actions, whether blockades or military operations, have failed. This new tactic is also destined to fail. Trumps so-called "economic actions" are nothing more than a consistent bullying tactic of US policy. "In a sense, its like a movie weve seen countless times; we know how to deal with it," Araqchi said. He added that whether the US resorts to military action or reverts to its old tricks, it shows they have no other options. Faced with the Iranian people, the US has no choice but to keep repeating the same plans. They should understand that there is no other way but to engage in respectful dialogue with the Iranian people and seek a solution based on justice and honor.August 23 - According to data from online platforms, as of now, the box office revenue (including pre-sales) for the 2026 summer movie season has exceeded 11.5 billion yuan.

Price Prediction for Silver - Breakout Attempt Fails

Daniel Rogers

Jun 06, 2022 15:28

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The price of silver attempted to break out, but encountered selling resistance. The decline in gold prices weighed on the broader precious metals market. Stronger-than-anticipated employment figures boosted the dollar. Since precious metals are valued in dollars, a stronger dollar is often unfavorable to silver.

 

Following stronger-than-expected employment figures, benchmark yields increased. The positive employment data contradicted Thursday's ADP private payroll estimate, which was worse than anticipated.

 

The nonfarm payrolls increased by 390K while the unemployment rate increased to 3.6%. Approximately 328K jobs were predicted to be added to the labour market. The unemployment rate was anticipated to fall to 3.5 percent. The average hourly wage has grown by 0.3%. It was anticipated that average hourly salaries would increase by 0.4%. This situation may indicate a moderation in wage inflation. The year-over-year rise in salaries was 5.2%.

Technical Evaluation

The price of silver sought to climb higher but was unable to do so. Near the 10-day moving average of 21.99 is viewed as support. At the 50-day moving average of 23.26, there is observed to be resistance.

 

The 50-day moving average continues below the 200-day moving average, representing a headwind for XAG/USD and indicating negative trend. Silver will likely reach the level of 20.4.

 

The medium-term momentum turns positive when the histogram and MACD both show positive values (moving average convergence divergence). The MACD histogram is moving in negative area, indicating a downward trend in price movement.