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$XAGUSD +2.6% today — what's driving it?
$XAGUSD is moving hard: +2.57% on the day, now at 58.43.
Day range: 56.59 – 58.60.
What's driving it? Are you positioned? Drop your read below. 👇
2 comments · 19 points
2 Comments
SLu/santos_luciana·1mo
It's been interesting to watch today, definitely a good move. I'm curious if this is mostly safe-haven flow given some of the market volatility, or if there's a specific catalyst for silver itself.
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Seems like precious metals are getting a boost from ongoing inflation concerns and a slightly weaker dollar. I'm watching to see if it sustains above 58.00.