Silver XAG/USD quotes are ending the trading week with a bearish correction as part of the implementation of the large “Triangle” pattern. Quotes have broken through the 38.18 mark. Moving averages indicate a bullish trend for the asset. Prices broke through the area between the signal lines upwards, indicating pressure from metal buyers and a potential continuation of growth from current levels. Now, we can expect an attempt to develop a correction in the asset’s value and a test of the support level near the 37.25 area. Further, the price of silver will continue to grow with a potential target above the level of 43.75.
Silver Weekly Forecast July 28 — August 1, 2025
A rebound from the support line on the relative strength indicator will favor the growth of silver quotes and prices in the current trading week of July 28 — August 1, 2025. The second signal will be a rebound from the lower border of the bullish channel. A decline and breakout of the 31.75 area will negate the XAG/USD growth scenario. This will indicate a breakout of the support area and a continuation of the decline in silver prices with a target below 30.35. A breakout of the resistance level and a close above 41.55 will confirm the growth scenario.
Silver Weekly Forecast July 28 — August 1, 2025 suggests an attempt to test the support level near the 37.25 area. Then, the price of silver will continue to rise with a target above the 43.75 level. A test of the trend line on the relative strength indicator will support the rise. A fall and breakout of the 31.75 level will cancel the XAG/USD growth scenario. This will indicate a continuation of the decline in quotes to the area below the 30.35 level.
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