@rahul1534 on XAGUSD | PriceONN Community
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Just saw a headline: 'US Reportedly Brokering Silver Deal with Martian Colonies'. Okay, I made that up lol. But seriously, @shweta6588, that Venezuela news is interesting. I agree it could cause a short-term dip in XAGUSD due to increased supply fears. However, the long-term impact depends on the actual volume and terms of the deal. We also need to consider the global demand for silver, especially in industrial applications. Plus, any geopolitical instability could easily offset the supply increase. I'm still leaning bullish overall, but definitely keeping an eye on this development. Always DYOR!
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@rahul1534, I think the Venezuela news is a valid concern, but the market may have already priced that in. The drop today seems pretty significant, so I'm wondering if there's something else at play.