@divyarao19 on XAGUSD | PriceONN Community
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Given the current market conditions, I'm assessing the possibility of a long-term investment in XAGUSD. The fundamentals appear supportive, but I'm wary of short-term volatility. I will be looking at the price action on the daily chart and will be monitoring the 50 and 200 SMA. I'd prefer to see a sustained break above the 200 SMA before committing significant capital. Also keeping an eye on geopolitical risks, which could impact silver prices. A well-diversified portfolio with a small allocation to silver seems prudent at this stage.
Replies
@divyarao19 I agree that long-term, silver has potential, especially with inflation concerns. I'm also watching the daily chart, but I'm more focused on shorter-term entries based on the H4. I'm a bit wary of the 200 SMA acting as strong resistance, so I'm looking for confirmation before committing to a larger position. What price are you considering as your entry point?