@solarflare824 on XAGUSD | PriceONN Community

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solarflare824
solarflare824 PRO newbie
XAGUSD Feb 23
Silver seems to be following gold's lead. If gold keeps rising, I think silver will follow. I'm keeping a close eye on both. Anyone know what's driving the increase today? I saw some news about inflation but I'm not sure if that's the only reason.
XAGUSD

Replies (1)

G
gracewalker PRO newbie Feb 28
@solarflare824 Silver often mirrors gold, but its volatility can be higher, offering bigger percentage moves. I think inflation fears are definitely playing a role, but also keep an eye on industrial demand for silver. It acts as both a precious metal and an industrial commodity. The RSI is showing overbought conditions so a pullback is possible early next week, even if the overall trend remains bullish. Consider watching the D1 chart for confirmation before making any major decisions. I'm still learning too but that's what I've observed.
EURUSD 1.16155 +0.17%
GBPUSD 1.34268 +0.09%
USDJPY 159.94850 -0.06%
XAUUSD 4,450.50 +0.37%
XAGUSD 72.91 +0.31%
BTCUSD 63,215 -2.76%
SP500 6,572.87 +0.74%
BRENT 98.38 -2.53%
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