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Norwegian police: We are in contact with the US Embassy and are cooperating closely.Norwegian police: The explosion near the US embassy may have been a deliberate attack related to the current security situation.On March 8, an Iranian official stated that the attack on the Fardis oil depot had resulted in 6 deaths and 21 injuries. The official said that despite the damage and casualties, the provinces fuel supply network remained stable. Authorities expected to completely extinguish the fires caused by the incident within hours. The official also indicated that some of the dead and injured were nearby residents.March 8th - Following attacks on oil storage facilities in Tehran and Alborz province, temporary restrictions have been imposed on refueling. To ensure fuel supply, some affected areas have temporarily lowered refueling limits, reducing the limit for personal fuel cards from 30 liters to 20 liters. Meanwhile, natural gas supplies are ample, with all gas stations in Tehran and Alborz province operating 24 hours a day. It is reported that despite the disruption to oil supplies, the continued fuel supply is not a concern thanks to strategic reserves and the activation of alternative routes.March 8 – Afghan Defense Minister Jacob said in an interview with Afghan media on the 7th that Afghanistan has no intention of escalating the conflict with Pakistan and seeks to resolve the issue through negotiations. Jacob said that Afghanistan did not provoke the conflict but was forced to respond after being subjected to cross-border military operations. “Our message to mediating countries like Qatar is that we are not seeking war, and we believe that the issue can be resolved through negotiations.”

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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