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According to CNN: A CNN reporter was denied entry to the White House this morning local time, and his press pass was confiscated. This comes a day after Trump announced a "ban" on CNN, MS NOW, and Politico media outlets.On September 19th, Wang Qingxian, Governor of Anhui Province, met separately with a delegation led by Jack Perry, Chairman of the 48 Group, and Carlos Maglinos, Global Chairman of the Global Alliance of Small and Medium Enterprises, who were in Anhui to attend the 2026 World Manufacturing Convention. Wang Qingxian stated that, relying on its strong industrial foundation and innovative accumulation, Anhui is focusing on comprehensive opening-up, with a focus on industrial openness. Anhui manufacturing is deeply integrated into the international division of labor and serving the global market. He expressed hope to establish a regular communication and exchange mechanism to strengthen complementary advantages and resource integration, jointly expand cooperation in the industrial and supply chains, and contribute to the high-quality development of global manufacturing.On September 19, local time, U.S. Central Command Commander Brad Cooper released a video announcing updates on shipping through the Strait of Hormuz and U.S. military operations in the region. Cooper stated that the main shipping lanes of the Strait of Hormuz have been cleared of mines, and thousands of ships have passed through. More than 1 billion barrels of crude oil have been shipped out of the Strait of Hormuz by Gulf partners. He also stated that in the past two weeks, the volume of crude oil, cargo, and liquefied natural gas transported through the region has reached its highest level in the past six months. Cooper further stated that under the U.S. blockade, Iran has exported zero crude oil through the relevant shipping routes.September 19th - Tensions between Yemen and Saudi Arabia escalated. On the 19th, Riyadh, the Saudi capital, issued its first-ever air raid sirens. British media revealed that Saudi Arabias interceptor missiles are running low. Saudi Arabia is seeking air defense assistance from its allies. The Associated Press, citing local officials, reported that Saudi Arabia has contacted France, Britain, Pakistan, and Egypt, requesting air defense support. However, apart from Pakistan, its allies have offered more sympathy than military support. In fact, Saudi Arabias largest ally and arms supplier is the United States, but its interceptor missile stockpile has been depleted in the war with Iran. Last week, Saudi Crown Prince Mohammed bin Salman called Trump, requesting deeper US involvement in the conflict. The US rejected this request.On September 19th, CNN reported on September 18th that sources said the US military narrowly avoided an incident after using an AI-generated false intelligence report. The report stated that this spring, during the war with Iran, an intelligence report circulating among US military personnel raised concerns. The report claimed that a Chinese ship was transporting components for a nuclear weapons program in the Middle East. Four sources familiar with the incident said the US military quickly initiated a plan to intercept the ship. Two of the sources indicated that US military personnel were preparing to board. One source and another informed source stated that US military aircraft had been scrambled. However, just as the planned operation was about to begin, US officials thoroughly examined the report, compiled by analysts from the US Special Operations Command, and discovered that it was generated using AI. The chatbot used by the analyst had incorrectly identified the cargo.

Bears in the XAG/USD pair are testing $23.50 in Silver Price Analysis

Daniel Rogers

Dec 29, 2022 11:45

截屏2022-09-23 下午2.30.27.png

 

As early Thursday morning approaches, the silver price (XAG/USD) remains low at $23.55 as bears probe the monthly support line. Notable is the fact that the shiny metal dropped the most in two weeks the day before.

 

Given the metal's prolonged fall below the prior support line from December 16 and the bearish MACD signals, the XAG/USD price is likely to breach the immediate support line near $23.50.

 

However, a two-week-old horizontal range including the 100-SMA, between $23.35 and $23.45, appears difficult for silver bears to penetrate.

 

If the commodities price breaks the $23.35 support, it is not impossible to see a decline to $23.00.

 

After that, the market will focus on the mid-month swing low of $22.55 and the monthly bottom around $22.00.

 

In the meantime, recovery moves may initially target the two-year-old support-turned-resistance line close to the $24.00 round number before aiming for the double peaks surrounding $24.30.

 

However, it should be highlighted that the XAG/USD rise above $24.30 will not hesitate to approach the $25.00 round number. However, April's peak around $26.25 could pose a threat to Silver buyers in the future.

 

Overall, the Silver price is likely to stay bearish, but further declines are contingent on a breach below $23.35.