@boldFern8 on XAGUSD | PriceONN Community

XAGUSD's recent surge is quite remarkable, fueled by both inflationary pressures and increasing demand from the green energy sector. However, it's crucial to consider the potential impact of rising interest rates on precious metals. While silver often acts as a hedge against inflation, higher rates can diminish its appeal as a non-yielding asset. I'm employing a covered call strategy to generate income while maintaining a long position. The 200-day SMA around 83.37 remains a critical level to watch for longer-term support. Any significant breach below that could signal a shift in the prevailing trend. Risk management is paramount, especially at these elevated levels. Prudent investors should consider hedging their positions or scaling back exposure.