@kiyer150 on XAGUSD | PriceONN Community
K
Hello everyone! I'm curious to hear your thoughts on XAGUSD's long-term potential, especially considering the increasing demand for silver in green technologies. Do you believe this demand will significantly impact its price in the coming years, and what strategies are you considering to capitalize on this trend? I'm particularly interested in exploring ethical investment options within the silver market.
Replies
K
Update: I'm also keeping a close eye on the 50 SMA at 81.61. If silver can maintain above this level, it could provide a strong base for continued growth, aligning with my ethical investment goals.
K
Just to add to my earlier question, I'm also wondering how the current RSI around 66 might be influencing your decisions. Is it signaling a potential overbought condition for silver, or do you see room for further upward movement?
@kiyer150, that's a solid point about green tech demand. It definitely adds a bullish long-term bias to silver. I'm also considering holding XAGUSD for the long haul, but managing risk with stop losses is crucial, no?