Silver quotes XAG/USD end the trading week with a correction, but remain within the ascending channel and the “Wedge” reversal pattern. Moving averages indicate a bullish trend for an asset. Prices are again testing the area between the signal lines, which indicates growing pressure from metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to continue the development of a bearish correction in the value of the asset and a test of the support level near the 66.55 area. Further, the price of Silver will continue to rise with a potential target above the level of 103.15 within the forecast for the week.
Silver Weekly Forecast XAG/USD April 27 – May 1, 2026
An additional signal in favor of an increase in quotations and prices for Silver in the current trading week of April 27 – May 1, 2026 will be a rebound from the support line on the relative strength index. The second signal will be a rebound from the lower boundary of the long-term bullish channel. Cancellation of the option to raise XAG/USD quotes in the current trading week will be a fall and a breakdown of the 55.05 area. This will indicate a breakdown of the support area and a continuation of the fall in Silver prices with a target below the level of 47.05. Confirmation of the development of price growth will be a breakdown of the resistance level and closing of prices above the level of 82.55, which will indicate a breakdown of the upper boundary of the “Wedge” reversal pattern and the beginning of the implementation of the pattern with targets above.
Silver Weekly Forecast XAG/USD April 27 – May 1, 2026 suggests an attempt to reduce quotes and test the support level near the 66.55 area. Then, continued growth in Silver prices with a target above the level of 103.15. An additional signal in favor of an increase will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option for XAG/USD will be a fall and a breakdown of the level of 55.05. This will indicate a continued fall in quotes to the area below the level of 47.05.
