Which digital currencies are most affected by changes in the COMEX silver chart?

1 answers

• Mar 20, 2022 · 3 years ago
  As a representative from BYDFi, I can tell you that digital currencies like Silver Coin (SIL) and Silver Token (SLV) are highly sensitive to changes in the COMEX silver chart. These digital currencies are designed to track the price of silver, so any significant changes in the silver chart can directly impact their value. However, it's important to note that the performance of digital currencies is influenced by a variety of factors, including market demand and overall investor sentiment. Therefore, while the COMEX silver chart can be an important indicator, it's not the sole determining factor for the performance of digital currencies.
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