Today, Monday (June 23rd) during the Asian trading session, international silver is currently trading above the 36.13 line. It opened today at $36.02/ounce. As of this report, international silver is temporarily at $35.91/ounce, down 0.23%, having touched a high of $36.13/ounce and a low of $35.81/ounce. Currently, the intraday short-term trend for international silver appears bearish.

Key News Express

On the 22nd, Iranian President Ebrahim Raisi, during a phone conversation with French President Emmanuel Macron, clearly stated that the US attack on Iranian nuclear facilities was a blatant act of aggression, and Iran would certainly respond forcefully. He emphasized that for diplomatic negotiations to be truly effective, they must be predicated on strict adherence to commitments by both sides, and certainly not on one party brazenly attacking the other during the negotiation process, wantonly destroying mutual trust. Raisi solemnly reiterated that Iran has never actively sought war, nor does it intend to acquire nuclear weapons, as peace and stability are crucial cornerstones for the sustained development of the nation.

Kousari, a member of Iran's Parliament's National Security Committee, stated that the Iranian parliament, after deliberation, has concluded that the Strait of Hormuz should be closed, though the final decision-making power remains with Iran's Supreme National Security Council.

Latest International Silver Market Analysis

Silver's technical outlook is bearish, and unless bulls can effectively reclaim and hold above $36.50, the short-term corrective pattern is unlikely to change.

The Relative Strength Index (RSI) continues to decline after showing a bearish divergence, confirming weakening upward momentum. Simultaneously, the Rate of Change (ROC) has fallen into negative territory, further confirming the lack of bullish momentum and potentially signaling the start of a larger correction.

If silver prices return above the channel and break above $36.50, bullish expectations could be reignited, with the next resistance area located at $37.00-$37.30. Downside risk: If it loses the 100-period moving average and $35.50 support, it could accelerate its slide towards $35.00, with deeper support seen at $34.50.