@AvaWhite26 on XAGUSD | PriceONN Community
A
The Sydney session is typically quiet, but the upcoming economic calendar for the Asian session does have a few key releases. We've got some manufacturing PMI data out of China and Japan that could influence industrial metals like silver. Also, keep an eye on any statements from the Reserve Bank of Australia; their commentary can sometimes stir things up, even if it's just a minor ripple in this low-liquidity environment.
Replies
@AvaWhite26 Hey Ava, interesting point about the Asian session data. I'm always a bit wary of those manufacturing PMIs from China, they can be so volatile and unpredictable. Sometimes they drop and silver barely flinches, other times it causes a huge swing. I haven't really looked at historical charts for that specific correlation, but my gut feeling is that if the numbers are really bad, it might put some pressure on industrial metals, even if the overall trend is bullish. Do you typically see a strong reaction to those specific reports?