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According to Irans Fars News Agency, a spokesperson for the Iranian Revolutionary Guard stated that if Britain supports the United States in a war, it will become a clear and legitimate target.On July 26, when asked whether the Iranian Revolutionary Guard Corps initiated the war, a spokesperson stated that according to the agreement, passage through the Strait of Hormuz should be conducted in accordance with Iranian regulations. However, the United States, as expected, violated the agreement and announced an alternative passage route. Following this breach, the Revolutionary Guard Corps blocked the passage of vessels and struck those violating the rules. It was hoped that the United States would return to fulfilling its commitments, but this did not happen; instead, it attacked our coast, islands, and some radar facilities. Therefore, this new round of aggression once again originated from the United States. The Revolutionary Guard Corps attacks were intended to force the United States to fulfill its commitments, thus launching Operation Victory 2.July 26th - According to French LCI television news, Trump stated regarding Iran that if we cannot get 100% of what we want from Iran, we will absolutely consider resuming a full-scale war. When asked what he would like to say to European allies, Trump said they are lucky to have a friend like him.Ukrainian President Zelensky: Russian satellite monitoring shows that Moscow is assisting Tehran in its strike operations in the Middle East.The UK Foreign, Commonwealth and Development Office advises against traveling to any area within 10 kilometers of the Saudi border with Yemen; except where necessary, avoid areas between 10 and 80 kilometers from the Saudi border with Yemen.

Predictions for the Silver Market: A Turbulent Time Ahead

Alina Haynes

Jul 22, 2022 14:58

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Silver fell during Thursday's trading session, but it recovered after the European Central Bank raised interest rates, which placed downward pressure on the US dollar. I believe it is only a matter of time until sellers re-enter the market and force this commodity lower since this is a market that continues to witness a lot of noisy activity. However, there are many grounds to believe that silver's value will decline below that of the dollar.

 

Silver's demand is expected to remain weak due to low consumer demand. At this point, I believe it is best to "fade the rise," since it will likely be just a matter of time until sellers re-enter the market. We're probably going to break up soon, and the $20 level above should provide a lot of resistance on the way up.

 

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It's conceivable that sellers will enter the market even if we break over the $20 level, and then the 50 Day EMA will come into play. The 50-day moving average (MA) is currently at $20.73, and it's falling. In the end, I believe that many individuals will rush into this market as soon as it shows indications of tiredness. If the price drops below the hammer's base, it would be reasonable to assume that the $15 support level will be quickly breached.


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