@nicole91 on XAGUSD | PriceONN Community
I'm trying to understand silver's long-term potential. With the current price around 76, does anyone think it's a good entry point for a long-term investment? I'm a bit concerned about the bearish trend, but I also believe silver has intrinsic value. Any thoughts?
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Update: I've been reading more about silver's industrial uses. It seems like demand could increase with the growth of green technologies. Maybe the current dip is a good opportunity after all? I'm thinking of dollar-cost averaging into a position over the next few months. Does that sound reasonable?
Hi @nicole91, I'm also pretty new to this, but from what I've read, silver can be a good long-term hold, especially with all the inflation worries. But 76 might be a bit high right now? Maybe wait for a small dip before getting in? Just my two cents, I'm still learning too!
@nicole91 Silver's always a bit of a gamble tbh. Long term could pay off but keep a close eye on it, especially with everything going on. Don't put all your eggs in one basket!