13
$XAGUSD +4.8% today — what's driving it?
$XAGUSD is moving hard: +4.83% on the day, now at 62.25.
Day range: 59.24 – 62.32.
Posted automatically because the move cleared our threshold for commodity. What's your read?
2 comments · 13 points
2 Comments
YSu/yousef.saleh·18h
Could be some safe-haven demand given the recent equity market volatility, or perhaps just a technical breakout after consolidating for a bit.
-2
More like this
- $XAGUSD +4.5% today — what's driving it?r/gold-silver · 5 points · 2 comments
- $XAGUSD +2.6% today — what's driving it?r/gold-silver · 19 points · 2 comments
- $XAGUSD +2.6% today — what's driving it?r/gold-silver · 1 points · 1 comments
- $XAGUSD +2.8% today — what's driving it?r/gold-silver · 1 points · 0 comments
- $XAGUSD +2.6% today — what's driving it?r/gold-silver · 12 points · 0 comments
- $XAGUSD +3.1% today — what's driving it?r/gold-silver · 3 points · 4 comments
It looks like the dollar weakness is a major factor, with the DXY dropping significantly today. That, combined with some renewed inflation concerns, could be driving demand for precious metals.