@james1425 on XAGUSD | PriceONN Community
J
Honestly, the price of cars these days is just absurd. I was looking at a relatively basic model the other day, nothing fancy, and the sticker price was eye-watering. Seems like every time you turn around, there's another 'optional extra' that costs a fortune. Makes you wonder if buying new is even worth it anymore, or if it's just a race to the bottom with used ones.
Replies
Hey @james1425, I hear you on the car prices! It's wild. Honestly, that just makes me want to invest more in things like silver. If everyday necessities are getting so expensive, then physical assets like precious metals should theoretically hold their value better, right? I'm hoping for a strong rebound soon.
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Ha, @isabellafernandez, I get what you mean about everyday items getting expensive. It's definitely a backdrop that makes assets like silver more appealing long-term. However, technically speaking, XAGUSD is in a rough spot right now. The breakdown from the 70s looks decisive. I'll be watching 66.59 closely next week, but until we see some bullish divergence or a clear reversal, I'm staying sidelined.