US-Iran Memorandum of Understanding Exposed, International Silver Sees Technical Rebound
Source: Jintou Network
Yesterday, the silver market experienced a dramatic reversal, with bulls and bears battling around the $70 level during the Asian session amid hopes that the continuation of the US-Iran agreement would trigger a rebound. However, after the US Federal Reserve announced its policy decision during the early hours, the market situation changed abruptly—the unexpectedly hawkish statement triggered massive long liquidations. International silver prices plunged by over 3% in a single move, falling below the $68 mark. On Thursday (June 18), during the Asian session, international silver staged a technical rebound after the overnight "bloody baptism," with intraday gains expanding to 2%. Trump confirmed he had signed a memorandum of understanding with Iran, and the US released the official text of the understanding reached with Iran.
【News Flash】
According to a report on the 17th, a senior US government official read out the official text of the memorandum of understanding reached between the US and Iran to the media. The document contains 14 clauses detailing the reopening of the Strait of Hormuz and the easing of certain financial restrictions on Iran, and it outlines the expected goals for addressing Iran's nuclear issue in future technical talks. The document is titled “Islamabad Memorandum of Understanding between the United States of America and the Islamic Republic of Iran.” The official stated that this agreement will immediately open the Strait of Hormuz and prompt Iran to destroy nuclear materials. Additionally, it has established a dynamic adjustment mechanism: if Iran shows further goodwill, the US will increase relief and sanction exemptions accordingly.
According to the document, the US and Iran will immediately and permanently cease all military actions on all fronts, including Lebanon, and both sides promise not to wage war or undertake military actions against each other in the future. The final agreement will confirm the permanent end of all fronts of war, including Lebanon. The US and Iran also commit to negotiate and reach a final agreement within no more than 60 days. Following the signing of the memorandum of understanding, the US will immediately begin lifting its maritime blockade on Iran, fully lifting it within 30 days, and promises to withdraw its troops from areas surrounding Iran within 30 days after the final agreement is reached.
Previously, according to a senior US official on the 15th, the US and Iran had already signed the memorandum of understanding electronically, and both parties will hold a formal signing ceremony in Switzerland on the 19th. However, US President Trump said at a press conference in France on the 17th that the memorandum of understanding between the US and Iran might be signed on the 18th or 19th. The Islamic Republic of Iran News Agency also released the full text of the memorandum of understanding between the US and Iran on the evening of the 17th local time.
【Latest Silver Market Analysis】
The daily chart shows a bearish engulfing reversal candlestick pattern, with a large bearish candlestick fully covering the previous four bullish ones, indicating a clear trend reversal signal. Silver prices have lost key support at the 20-day moving average, the upper band of the Bollinger indicator is turning downward, and the MACD fast and slow lines are rapidly converging above the zero axis, with the red histogram contracting sharply, showing continued release of bearish momentum. The RSI index has also fallen rapidly, leaving the strong area, indicating that bullish strength in the market has weakened significantly.
On the four-hour chart, the price has fully moved through the downtrend channel, pressured below all short-term moving averages which are forming a strong resistance belt. Today's small rebound in silver price was only triggered by a technical correction due to temporary oversold conditions, and does not constitute conditions for a reversal. The short-term resistance above lies at $69.3–$69.5, while the mid-term strong resistance is at the $70 level. Any rebound reaching this area is likely to face intense selling pressure. On the downside, short-term lifeline support is at $67; if this is effectively broken, the price may retest the previous consolidation platforms at $66.8 and $66, fully opening up mid-term bearish room. Technically, the overall bearish structure is intact; the short-term correction is just a brief pause during the downtrend, with the overall market expected to remain weak and rangebound in the near future.
Editor: Zhu Henan
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The AI boom may follow the path of the 19th-century railway bubble, and builders may not be the ultimate winners
Goldman Sachs analyst Bobby Molavi compared the current situation to the 19th-century British railway mania: 500 companies spent more than the nation's annual income building 8,000 miles of railway, with most early investors losing out, while the real beneficiaries were the later "passengers." He pointed out that the current AI craze is driven by both debt and momentum, and that the S&P 500’s forward P/E ratio of 18x is only "a bit cheaper." Whether the builders can retain value is uncertain, and history does not offer an optimistic answer.
If Anthropic's IPO goes smoothly and the stock price rises next week, then everything remains the same for AI. Otherwise, some companies will go bankrupt.
The shrinking valuations of two major giants have triggered a chain reaction—investors are adopting more conservative revenue multiples for AI startups and are directly halting high-valuation financing for companies with zero revenue. Multiple venture capital firms have advised their portfolio companies to lower valuation expectations and to quickly build up cash reserves. Market participants warn that the outcome of Anthropic’s IPO will be a barometer for the industry: if successful, the boom will continue; if it fails, some companies may face elimination.
After the Brazilian election, political discount deepens; Morgan Stanley remains bullish on Petrobras (PBR.US), focusing on fuel pricing and dividends
Morgan Stanley still maintains its most optimistic "Overweight" rating, but has lowered its year-end 2027 target price from $31 to $25.
Corning (GLW.US) receives initial "Buy" rating from Jefferies! AI factories driving a fiber optic rush, with a potential global supply gap of up to 30%
For Corning, the recent profit growth mainly comes from the expansion of AI clusters. As the number of optical links crossing cabinets and campuses increases, customers need to deploy more optical fibers within limited conduit and cabinet space, thus driving demand for high-density optical cables and connection systems.
Crypto prices
More
