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U.S. Central Command: Over the past seven months, in addition to U.S. Navy warships, the Iranian Revolutionary Guard has continued to indiscriminately target thousands of civilian crew members passing through the regions waters.On October 15th, according to Tasnim News Agency, Iranian Parliament Speaker Ghalibaf stated: "Even if we negotiate with the United States, reach an agreement, and sign a document with commitments from the US, can we guarantee that the US will not attack Iran again? Undoubtedly, the answer is no. Simply relying on war and escalating tensions cannot force the enemy to abandon its threats and established objectives. The solution is to both fight and negotiate to establish a lasting deterrent. We must fight with all our might when necessary, transforming military victories into political victories, and securing the benefits, resources, and time needed to strengthen our power. We must replace the cycle of war, negotiation, and peace with a new model of war, negotiation, and deterrence. Before signing the memorandum of understanding, I said that the US would not fulfill its commitments, therefore we designed it in two phases. We first gained a strategic advantage through fighting, and then forced the US to accept the understanding. Our strategy of both fighting and negotiating does not mean endless war or perpetual negotiations, but rather using fighting to trap the enemy and force them to accept the legitimate demands of the Iranian people. Regarding the US proposal, the US president previously made commitments, but has now broken them." The United States must be punished, change its behavior, and fully recognize that it must accept the legitimate demands of the Iranian people.On October 15th, former Ukrainian Defense Minister Mykhailo Fedorov stated that Starlink is resuming connectivity services for devices traveling at speeds not exceeding 160 km/h, but completely removing the speed limit on Starshield is crucial for Ukraines defense, and he called on Elon Musk to continue providing support. Musk subsequently responded that the Starshield system is owned and controlled by the US government, and any speed or usage restrictions are decided by the US military, with the final decision resting with US President Trump. Musk also emphasized that Starlink is a commercial service owned and controlled by SpaceX, permitted only for civilian or defensive activities, and not for offensive military operations, as commercial companies involvement in such operations is inappropriate.Federal Reserves Goolsby: He doesnt like revealing the Feds intentions before meetings.According to Tasnim News Agency: Houthi rebels in Yemen attacked Saudi Aramcos oil distribution facilities in northern Jeddah, Saudi Arabia.

S&P 500 Drops 2.7% As Tech Stocks Slide After Micron’s Report

Lorna Divakar

Dec 23, 2022 16:10

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Market Technical Analysis for Silver

The price of silver has slightly declined during Thursday's trading session as it seems that the resistance level above $24 will remain challenging to breach. The market may not have abruptly turned negative as a result, though; it's simply possible that we got ahead of ourselves in the near term. With that movement, it seems that we may be attempting to define a new trading range, with the $23 level serving as potentially a little bottom. It's feasible that we could descend below the $22 level, where it gapped, if we break down below there.


It is important to note that the 50-Day EMA is also close to the $22 level, which may be sufficient evidence that it acts as a little floor. I'm not really worried that we will make that move at this moment, but any move below there opens up substantial selling. After all, silver seems to be in great shape, so it seems natural that we would ultimately go to the $25 level. Remember that the Christmas season will result in very illiquid market circumstances, so it is not unexpected that some profit-taking is occurring. After all, why would you want to risk a lot of money at this time?


Longer term, it seems that silver will continue to get a little premium, but I also think that volatility will likely increase going forward. After all, a lot of "hot money" will be pursuing this market, so ultimately anticipate major swings.