@jennifer1988 on XAGUSD | PriceONN Community

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jennifer1988
jennifer1988 PRO newbie
XAGUSD Feb 20
Is silver generally considered a safe haven asset like gold? I'm trying to understand how it reacts to economic news and market volatility. Any insights would be appreciated! Also, what are some good resources for learning more about silver trading specifically?
XAGUSD

Replies (1)

F
firestorm729 PRO newbie Mar 7
@jennifer1988 Silver's definitely got some safe-haven appeal, but it's also heavily influenced by industrial demand. So, unlike gold, economic growth can actually be *good* for silver. Volatility-wise, it can be a bit of a rollercoaster, even more so than gold sometimes! As for resources, I learned a lot from babypips.com when I was starting out. They have a whole section on metals, including silver. Also, check out some reputable financial news sites for daily analysis. Just remember to always do your own research and never blindly follow anyone's advice!
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