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US Vice President Vance: Trump has mentioned lifting sanctions. He also talked about things like economic cooperation. But unless Iran makes a clear commitment to cease any activities that bring it closer to developing nuclear weapons, that wont happen.On April 9th, U.S. stocks closed higher on Wednesday. The Dow Jones Industrial Average rose 2.85%, the S&P 500 gained 2.5%, and the Nasdaq Composite climbed 2.8%. Intel (INTC.O) surged 11%, SanDisk (SNDK.O) climbed nearly 10%, Nvidia (NVDA.O) gained 2%, while Tesla (TSLA.O) bucked the trend, falling 1%. The Nasdaq China Golden Dragon Index rose 3%, and Alibaba (BABA.N) gained 4.6%.April 9th - Several market experts stated on Wednesday that although wholesale fuel prices have fallen somewhat after Trump announced a two-week ceasefire in the Iraq War, American consumers will still pay high prices for gas and airline tickets during the peak summer travel season. The drop in crude oil prices is unlikely to quickly alleviate pressure on gas station prices, and the fragile ceasefire has already shown cracks. Shon Hiatt, director of the Zage Energy Business Program at the USC Marshall School of Business, said, "There is still a lot of uncertainty surrounding the practical implications of the ceasefire and when and how fuel will be able to pass through the Strait of Hormuz again. In this situation, retailers will not significantly lower prices." He added that, in any case, retail fuel prices tend to rise much faster than they fall, as sellers need to digest high-priced inventory and avoid losses until future supply becomes more certain. GasBuddy analyst Patrick De Haan said, "If the situation stabilizes now, by this time next week, the average gasoline price across the US could fall by 5 to 10 cents per gallon." Alex Hodes, head of energy market strategy at StoneX, said that regardless of whether the ceasefire continues, insurance costs will be higher than pre-war levels, and ships will be cautious about passing through the waterway.US Vice President Vance: I wonder how good the Iranian parliament speakers English comprehension is.US Vice President Vance: Sanctions will not be lifted if Iran develops nuclear weapons.

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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