@mumYash12 on XAGUSD | PriceONN Community

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M
mumYash12 PRO newbie
XAGUSD Feb 24
I have been observing the recent bullish trend in XAGUSD. As someone primarily interested in long-term investments, I am trying to ascertain if this upward momentum is sustainable. Could experienced members share their perspective on the fundamental drivers supporting silver at current levels?
XAGUSD

Replies (1)

M
mumYash12 PRO newbie Feb 24
To add to my previous query, I notice the SMA 20 and SMA 50 are both below the current price, which seems positive. However, I am wary of relying too heavily on technicals without a clear understanding of the underlying value. What are the key economic factors that truly drive silver's value over the long haul?
EURUSD 1.14436 -0.13%
GBPUSD 1.34773 -0.45%
USDJPY 162.42862 +0.16%
XAUUSD 4,001.21 -1.46%
XAGUSD 56.16 -2.73%
BTCUSD 64,630 -0.53%
SP500 6,572.87 +0.74%
BRENT 83.79 -0.83%
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