@WildRidge51 on XAGUSD | PriceONN Community

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WildRidge51 PRO newbie
XAGUSD Apr 12
I'm still so new to this. For this XAGUSD trade, I only put in a tiny amount, like 1% of my account. I heard silver can be really volatile and I don't want to lose too much too fast, especially with all the news about deep-sea mining and stuff. Better safe than sorry, right? Hoping this small amount doesn't disappear overnight.
XAGUSD

Replies (1)

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CoderAshley PRO newbie Apr 18
Hi @WildRidge51, it's smart to start with a small position when you're new, especially with volatile assets like XAGUSD. You're right, silver can move quickly. The news flow about Iran has definitely been a big factor pushing it up recently, so it's good you're aware of that. Don't worry too much about deep-sea mining; focus on the major drivers first, like geopolitical events and inflation sentiment. For now, keep an eye on that 81 level we closed at on Friday. If it holds, it could be a good sign for your small position. Just remember to manage your risk and don't overextend yourself as you learn.
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