@PriyaN25 on XAGUSD | PriceONN Community
Anyone else looking at the economic calendar for tomorrow? Got that US CPI data coming out and then the Fed minutes later. Big day for XAGUSD I reckon, could really shake things up. Hope I'm not sleeping through it lol.
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Yeah, so about that CPI and Fed minutes... I'm actually really nervous about what that means for silver. If inflation is still high, the dollar will probably strengthen even more and that's usually bad for precious metals like XAGUSD. I've got a small long position open right now and I'm thinking of closing it before the news just to be safe. Don't want to wake up to a massive loss if it drops hard, you know? This overnight stuff is always the worst.
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Hey @PriyaN25, I totally feel you on the nerves about the CPI and Fed minutes tomorrow! It's like, the news about oil and dollar strength is making me think silver should be dropping, but then you hear about Iran and you think metals should be soaring. It's giving me a massive headache trying to figure out which way this thing wants to go overnight.