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According to the Washington Post, approximately 25% of U.S. Reaper drones were shot down during the Iran-Iraq War.On August 13, Mokhber, an advisor to Irans Supreme Leader, posted on social media that if Irans demands are not met, the Supreme Leader has made a clear strategic decision to respond by escalating the conflict. Mokhber stated that the current situation proves the United States lacks the ability to protect its Gulf allies. He also indicated that the most sustainable path to establishing a new regional order lies in promoting the implementation of the "Hormuz Economic Security Mechanism" to reduce dependence on US military guarantees.The German DAX 30 index closed down 37.69 points, or 0.14%, at 26,308.60 on Thursday, August 13; the UK FTSE 100 index closed down 63.95 points, or 0.59%, at 10,769.20 on Thursday, August 13; and the French CAC 40 index closed down 24.38 points, or 0.28%, at 8,650.56 on Thursday, August 13. The Stoxx 50 index closed up 13.96 points, or 0.21%, at 6547.95 on Thursday, August 13; the Spanish IBEX 35 index closed down 25.25 points, or 0.12%, at 20179.15 on Thursday, August 13; and the Italian FTSE MIB index closed up 26.34 points, or 0.05%, at 53725.00 on Thursday, August 13.August 13th - According to the Wall Street Journal, informed U.S. officials stated that the United States is preparing to deploy the aircraft carrier USS Washington to the Middle East to replace the USS Lincoln, according to a previously planned rotation. The Lincoln has been on a long deployment with very few port calls, raising concerns among members of Congress about living conditions on board. The Lincoln began its planned deployment last November and was transferred to the Middle East in January of this year before the start of the war in Iraq. The carrier and its aircraft played a key role in the U.S. "Operation Epic Fury" bombing campaign and subsequently participated in the U.S. blockade of Iranian ports. According to members of Congress, the high-intensity operational pace and the pressure of the long deployment have overwhelmed the crew. They are pressuring the Pentagon for more information on living conditions and mental health issues on board. MS Now reported earlier this month that the Lincolns crew faced difficult conditions, including food shortages and running out of toothpaste and soap. Lawmakers expressed concern about reports of crew exhaustion and deteriorating mental health due to the lack of port calls for rest.Bank of England Chief Economist Peel: (Regarding the UK GDP data) This makes me even more confident that we are not entering a phase of sharp decline.

Silver price analysis: XAG/USD declines from a 13-day-old resistance line below $21.00

Daniel Rogers

Mar 13, 2023 11:37

 截屏2022-07-29 上午11.05.40.png

 

Silver price (XAG/USD) maintains modest gains near $20.60 as it probes the metal's retreat from a key short-term resistance line on Monday morning. Despite this, the XAG/USD maintains its three-day winning trend and extends yesterday's recovery from the lowest levels since November 4, 2022.

 

Nonetheless, the impending bear cross on the MACD and the bullion's inability to remain above the 200-SMA, not to mention the failure to cross a two-week-old resistance line, give Silver price bears reason for optimism.

 

Consequently, the bullion remains on track to retest the two-week-old horizontal support zone close to $20.40. However, the metal's further decline may make it difficult to break the $20.00 psychological magnet.

 

The focus will then shift to the monthly low of $19.95 and the November 2022 low around $18.85.

 

On the contrary, recovery movements remain elusive unless the XAG/USD remains below the downward-sloping resistance line from late February, around $20.90 at the latest. The $21.00 round number also functions as an upside filter.

 

The previous week's high near $21.30 may serve as the last line of defense for the XAG/USD skeptics if Silver purchasers maintain control above $21.00.