@amanda7341 on XAGUSD | PriceONN Community
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Okay, so I've been reading a lot about how precious metals like silver can perform during times of economic uncertainty. It seems like XAGUSD has been on a bit of a run lately, and I'm wondering if it's partly due to concerns about inflation or maybe geopolitical risks? The price is currently around 80.58, which is a decent jump from where it was a few weeks ago. I'm looking at the Simple Moving Averages, and it seems like the 20-day SMA is above both the 50 and 200 day SMAs, which, if I'm understanding correctly, suggests a possible upward trend. I'm still new to this, so any insights would be appreciated. I'm trying to decide if this is a good entry point or if I should wait for a potential pullback. What do you all think?