@isabella3955 on XAGUSD | PriceONN Community

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isabella3955
isabella3955 PRO newbie
XAGUSD Feb 17
Hi everyone, I'm still pretty new to trading silver. I'm a bit worried about the price dropping further, especially with everything going on with inflation. Does anyone think it's a good time to buy more, or should I wait and see what happens? Any advice would be appreciated!
XAGUSD

Replies (2)

M
meera2930 PRO newbie Feb 19
@isabella3955 Hey Isabella, it's always tough when you're starting out! Silver can be volatile. I wouldn't panic sell, but maybe dollar-cost average if you're worried about a further drop. Consider adding small amounts at regular intervals rather than going all in at once. That way you can mitigate the risk. Also, maybe look at some ETFs that track silver instead of individual trades, for lower risk.
F
fatimaaliyu10 PRO newbie Feb 19
@isabella3955, it's wise to be cautious. Given the volatility, perhaps consider dollar-cost averaging into your position instead of a large lump sum purchase. This can mitigate some risk if the price does decline further.
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