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September 8th - According to Russian sources, in an interview clip released on September 8th, Russian Foreign Minister Lavrov stated that during the US delegations visit to Russia on September 5th, discussions focused on US President Trumps stance on the Ukraine issue after his return to the White House, including Ukraines refusal to join NATO and acknowledging the reality of the battlefield. Regarding French claims that US-led negotiations on the Ukraine issue would resume after the Russian State Duma elections in late September, Lavrov cautioned that the US has not yet made any statement regarding further diplomatic steps.Russian Foreign Minister Lavrov: Russia is interested in efforts to resolve the situation in the Middle East.Israeli President: (Referring to discussions of sanctions with the UK and other countries) If this happens, it will be a serious misjudgment, choosing the wrong side of history. He calls on all foreign governments to halt sanctions.September 8th - Iranian President Pezechzian stated that Iran has always opposed war and believes that protecting the interests of its people and regional security lies in avoiding conflict. However, just as Iran has bravely defended itself from aggression to this day, it will continue to resist with all its might until the aggressors are thoroughly remorseful, and Iran will always defend the rights of the great Iranian nation.Ukrainian President Zelenskyy: Ukraine was ready to receive the US delegation by plane—Boris Peele and Julian airports were both ready. However, Russia attacked the runways of both airports, after which Vitkov and Kushner chose to travel by train.

Silver Price Analysis: XAG / USD is on the verge of dropping below $21.00.

Alina Haynes

Mar 07, 2023 11:49

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XAG / USD fails to extend last Friday's rally, retreats from weekly highs of around$21.30, and falls 0.92 percent, or 0.20 cents, in Monday's session. The XAG / USD is currently trading at $21.02, down from its starting price. After testing the daily low on February17, which turned into resistance at$21.18, the XAG / USD spot price declined, as bears eye $20.00. The XAG / USD must, however, overcome the $21.00 obstacle on its journey south. The March 3 low of $20.84 and the March 1 low of $20.68 would serve as the XAG / USD next supports after they are gone. The Yearly low of $20.43 would be revealed if the latter was breached.

 

The Relative Strength Index (RSI) has rounded the curve and is now aiming downward after emerging from oversold circumstances. This indicates that sellers are gaining traction, which is further supported by the Rate of Change (RoC), as purchasing demand is waning.

 

As an alternate possibility, the XAG/USD first resistance would be the March 6 peak at $21.30. Silver may rise toward the 20-day Exponential Moving Average (EMA) at $21.50 once investors retake that mark before falling to the 200-day EMA at $21.85.


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