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July 19th - A 5.1 magnitude earthquake struck south of Chupaca, Junín Region, Peru, on the evening of July 18th local time. The Peruvian National Emergency Command Center reported that the earthquake has caused 5 deaths and affected 200 people.July 19th - Following Teslas (TSLA.O) confirmation of stronger-than-expected demand in the German market this year, the company is planning to expand into new markets and simultaneously increase production at its Grünheide factory in Germany. "For fiscal year 2026, the company forecasts a significant increase in production compared to the previous year, and anticipates a corresponding increase in capacity utilization," Teslas Brandenburg manufacturing company stated in its 2025 annual report. Tesla stated that the factory currently supplies products to more than 30 markets globally, and demand for its Model Y SUV is driving growth at the factory in Brandenburg, eastern Germany. According to the German Press Agency (DPA), Tesla plans to increase the Grünheide factorys weekly production to a maximum of 7,500 vehicles (approximately 375,000 vehicles per year) and simultaneously expand local battery production. The report also noted that this capacity expansion will create 3,500 new jobs at the factory.Boeing (BA.N) executives said the company is exploring several options for increasing 737 MAX production in the future.On July 19, local time, the General Command of the Jordanian Armed Forces issued a statement saying that Jordans air defense system successfully intercepted and shot down three of the four Iranian missiles launched at targets within Jordan. The remaining missile landed in a remote area in southern Jordan, far from residential areas. The statement indicated that there were no casualties or property damage. The Royal Jordanian Engineers have gone to the missile landing site to conduct response and on-site security work in accordance with relevant technical and safety procedures. The statement emphasized that the Jordanian Armed Forces will remain on high alert, continuously monitor Jordanian airspace, and resolutely respond to any actions that threaten Jordanian national security and the lives of its citizens.The Jordanian military said three Iranian ballistic missiles aimed at the southern city of Aqaba were intercepted, while a fourth landed in an open area.

Silver Price Analysis: Near 50 DMA, XAG/USD rises to mid-$23.00s

Alina Haynes

Feb 03, 2023 15:21

Silver attracted buyers around its 50-day simple moving average (SMA) on Friday, halting its previous day's regression from its highest level since April 2022. In the early European session, the precious metal maintains a moderately bullish tone, although the intraday increase lacks bullish confidence.

 

The XAG/USD has formed a rectangle pattern on the daily chart during the previous half-month, bouncing in a typical range. This indicates traders' hesitation and calls for care before putting aggressive direction bets. The inability to gain acceptance above the $24.50 supply zone overnight validates the trading range resistance, which should now serve as a pivot point.

 

Given that technical indications on the daily chart have only recently begun to drift into negative territory, it would be smart to await a sustained advance beyond the aforementioned barrier before putting bullish wagers. The XAG/USD pair might then attempt to recapture the $25.00 psychological level for the first time since April 2022. On the way to $26.00, the momentum could be extended towards the next significant obstacle near the $25.35 region.

 

Conversely, any further decline below the horizontal zone between $23.40 and $23.30 may continue to find support around the $23.00 to $22.95 region. This is followed by support in the $22.75 range, which, if forcefully broken, could pull the XAG/USD to the next key support near the $22.20-$22.15 zone before the $22.00 level.