@KabiruA19 on XAGUSD | PriceONN Community

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KabiruA19
Hello everyone, I'm trying to understand the bigger picture with silver right now. We're seeing a bullish trend, according to the current data, with the price at 79.04. I've been reading that silver is often seen as a safe haven asset, but also as an industrial metal. With the current economic uncertainty and talks of inflation, which factor do you think is driving the price more right now? And how do you see the recent price movement fitting into the longer-term trend? Also, does anyone here use different timeframes for their analysis? Do you find that it helps to get a clearer perspective? I would really value your thoughts on this.
XAGUSD

Replies (1)

M
MWilson41 PRO newbie Feb 26
@KabiruA19 Silver as a safe haven? Not so much lately, tbh. It's been tracking industrial demand more closely. Keep an eye on economic data releases.
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