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According to the Las Vegas Review-Journal, an F-35 fighter jet crashed in rural Clark County, Nevada, on Tuesday, but the pilot ejected safely before the crash.A Reuters/Ipsos poll released on April 1st found that two-thirds of Americans believe the United States should end its war with Iran as soon as possible, even if it means failing to achieve the goals set by the Trump administration. In the survey, conducted from Friday to Sunday, approximately 66% of respondents expressed this view, while 27% said the U.S. should strive to achieve all its objectives in Iran, even if the conflict is protracted. 6% of respondents did not answer the question. Among Trumps Republicans, 40% support ending the conflict as soon as possible, even if it fails to achieve U.S. objectives, while 57% support a prolonged involvement. In the survey of 1,021 people, 60% of respondents disapproved of a U.S. military strike against Iran, while 35% approved. Two-thirds of respondents said they expect gasoline prices to worsen further over the next year, with 40% of those Republicans expecting this.On April 1st, Dubai-based Emirates Airlines announced on Tuesday that Iranian citizens are prohibited from entering or transiting through the UAE. The company did not specify the reason in a notice posted on its website. A previous notice stated that Iranians holding golden visas, senior professionals, athletes, and family members of UAE citizens were permitted entry.On April 1, local time, Majid Mousavi, commander of the Aerospace Force of the Iranian Islamic Revolutionary Guard Corps, issued a statement saying that the Revolutionary Guard used drones and missiles to strike the residences of US pilots at the Prince Sultan Air Base in Saudi Arabia. The statement said that 200 US military personnel were gathered at the base at the time of the strike.According to a Reuters/Ipsos poll, 40% of Republicans, including President Trump, believe the U.S. should end the war on Iraq as soon as possible, even if the objective is not achieved.

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.


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