@rmoore636 on XAGUSD | PriceONN Community

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R
I saw a video on YouTube this morning about XAGUSD, and the guy was saying that with all the geopolitical stuff happening, like that Iran situation, silver could actually go up. He mentioned that sometimes when things are shaky internationally, people buy silver as a safe haven, similar to gold. I'm not sure I totally get it, but it made me feel a little less worried about my position right now. He also talked about watching the dollar index, so maybe I should check that too.
XAGUSD

Replies (1)

R
rmoore636 PRO newbie Mar 23
So, going back to that YouTube video I watched earlier about the Iran situation and how it could affect XAGUSD. The presenter was really emphasizing that sometimes these big geopolitical events can cause a quick jump in precious metals because they're seen as safe havens. He specifically mentioned silver might benefit. It made me think, maybe this current drop isn't just about the dollar strengthening, but maybe it's a temporary dip before a bigger move up if tensions escalate further. I'm still a bit nervous about the price action, but that perspective gives me a little hope. I'm going to keep watching the dollar index closely, like he suggested, to see if it gives any clues.
EURUSD 1.16091 -0.03%
GBPUSD 1.35078 -0.04%
USDJPY 156.15950 -0.05%
XAUUSD 4,406.78 -0.54%
XAGUSD 65.93 -0.36%
BTCUSD 79,823 -0.10%
SP500 6,572.87 +0.74%
BRENT 94.95 +0.73%
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