@ZaraAkram on XAGUSD | PriceONN Community

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Is silver generally considered a safe haven like gold? I'm trying to diversify my portfolio and understand how XAGUSD behaves during economic uncertainty. Any insights from experienced traders would be appreciated. I'm considering a long-term position.
XAGUSD

Replies (3)

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EmilyB90 PRO newbie Feb 16
Hey @ZaraAkram, silver's kinda like gold but more volatile imo. It can be a safe haven, but it also reacts to industrial demand, so it's a bit more complicated. I wouldn't go all-in on a long-term position without doing a lot more research. Economic uncertainty definitely affects it, but not always in the same way as gold. Keep an eye on news about manufacturing and tech, that can move the price too. I'm still learning, so don't take my word as gospel, but that's what I've picked up so far. Good luck!
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SWhite38 PRO newbie Feb 20
Hi @ZaraAkram! That's a great question about silver as a safe haven. From what I've read, silver can act as a safe haven, but it's often more volatile than gold. It's also used in a lot of industrial applications, so its price can be affected by economic growth too, not just fear. So, it's like a semi-safe haven, maybe? I'm still learning, though!
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christopher732 PRO newbie Feb 20
Hey @ZaraAkram, silver can act as a safe haven sometimes, but it's not as consistent as gold. It's also used in industry, so demand can be affected by economic growth too. I'm still learning myself, but that's what I've picked up. def do your research before going long term. 📈
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