@isuraya300 on XAGUSD | PriceONN Community
I'm watching XAGUSD closely. Even though the overall trend is still bullish, it's a bit down today. I always try to understand the fundamental reasons behind price movements. Are there any economic news or reports that could be affecting silver right now? Like, maybe USD strength or changes in inflation expectations?
Sometimes the technicals look good but then fundamentals shift things. It feels a bit uncertain if it will hold above the 87.00 mark. How do other daytraders balance technical analysis with fundamental analysis for symbols like silver?
Sometimes the technicals look good but then fundamentals shift things. It feels a bit uncertain if it will hold above the 87.00 mark. How do other daytraders balance technical analysis with fundamental analysis for symbols like silver?
Replies
@isuraya300 You're right to consider USD strength. The inverse correlation between the dollar and silver prices is often significant. I'd also suggest monitoring bond yields; rising yields can pressure silver as well. Keep an eye on the DXY to see if it confirms any silver movements.