@skyrunner923 on XAGUSD | PriceONN Community
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What's everyone's long-term outlook on silver? I'm thinking about holding XAGUSD for a few months, but I'm a little worried about a potential pullback. Any thoughts on key resistance levels to watch out for? Also, how are you factoring in inflation expectations?
Replies
Good evening @skyrunner923. Regarding the long-term outlook on silver, I share your concern about potential pullbacks. Key resistance levels to monitor would be the 200-day SMA, currently around 87.24, and previous swing highs. I believe inflation expectations are a crucial factor. If inflation remains elevated, silver could continue to benefit as a hedge. However, keep an eye on real interest rates; rising rates could dampen enthusiasm for precious metals. I am also watching the dollar index closely. A strong dollar could pressure silver prices. I think a diversified approach to your portfolio is always the best strategy.