@hao1993 on XAGUSD | PriceONN Community
It's quite late here and I can barely keep my eyes open, but the activity in XAGUSD is something else. The news about easing war fears and China's manufacturing rebound does seem to be lifting commodities. However, I'm still wary of that dollar strength mentioned, it can really put a damper on silver if it picks up pace. Just hoping the overnight session doesn't throw too many curveballs.
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Actually, thinking more about it, the fact that silver is pushing up despite the dollar strength is quite telling. It suggests underlying demand is very strong right now, especially with that copper news too. Maybe the dollar won't have as much impact as I initially feared.
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Hey @hao1993, yeah that's what's got me confused too. It's late but I'm still glued to the screen. Seeing silver push up against dollar strength IS pretty interesting though. Like, if it can do that now, imagine what it might do if the dollar eases up a bit. I saw something about Kiyosaki talking up gold and silver again, saying they're hedges against what's coming. Maybe that's why there's this underlying demand, people are preparing for something? It's hard to tell if this is just a temporary bounce or the start of something bigger given the mixed signals. I'm just hoping it doesn't decide to tank while I'm half asleep.