...do not know whether the Forex forum is the right place to discuss 'Silver v USD'

...as a matter of fact, going long on 'XAGUSD' with 1000 units at 12.23 was my first ever array into what I thought was the Forex Market

...the reason for this decision:

-annual growth of silver production: 3.4%
-annual growth of silver demand: 3.8%
-increasing industrial demand (present ~70% of silver production)
-recycling and diminishing available stockpiles have balanced primary deficit

...ANY guidance/help in this market welcomed

Kind Regards