@rmoore636 on XAGUSD | PriceONN Community

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R
Michael, you asked what's causing the massive sell-off in XAGUSD. I've been trying to figure that out too. It feels like it's just dropping non-stop. I did read somewhere that the US Dollar has been gaining strength lately because of tensions in the Middle East. When the dollar gets stronger, commodities like silver tend to fall because they become more expensive for people holding other currencies. It's like a domino effect. I'm really hoping it stops soon because my losses are starting to get pretty bad. I'm not sure if I should cut my losses now or wait it out. Does anyone have any advice on what to do when it drops this much?
XAGUSD

Replies (1)

M
michelledavis36 PRO newbie Mar 24
Hi @rmoore636, you're right about the USD's influence. When the dollar strengthens, it often puts pressure on commodities like silver because they become more expensive for buyers using other currencies. I was reading something about the manufacturing data in Australia looking a bit weak, and that seemed to put some pressure on the AUD, which can sometimes correlate with other risk assets. It's like a domino effect, you know? The geopolitical jitters are definitely a factor, but sometimes the macro stuff just overwhelms the immediate news. I'm trying to decide if this current pullback is just a healthy correction or the start of something bigger. It's tough to tell when you're in the thick of it and your money is on the line.
EURUSD 1.16205 -0.09%
GBPUSD 1.34288 -0.25%
USDJPY 159.98800 +0.07%
XAUUSD 4,478.69 -0.20%
XAGUSD 73.94 -1.54%
BTCUSD 63,491 -6.06%
SP500 6,572.87 +0.74%
BRENT 97.56 -1.34%
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