Silver quotes XAG/USD ended the trading week with growth as part of the beginning of the “Triangle” pattern. Quotes exceeded the 35.84 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 should expect an attempt to develop a correction in the asset’s value and a test of the support level near the 34.25 area. Further, the price of silver will continue to grow with a potential target above the 40.75 level.
Silver Weekly Forecast XAG/USD June 9 — 13, 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 June 9 — 13, 2025. The second signal will be a rebound from the upper border of the “Triangle” pattern. A decline and breakout of the 29.05 area will negate the XAG/USD price growth scenario. This will indicate a breakout of the support area and a continuation of the decline in silver prices with a target below the 27.65 level. Confirmation of the growth will be a breakout of the resistance level and a close above the 37.45 level.
Silver Weekly Forecast XAGUSD June 9 — 13, 2025 suggests an attempt to test the support level near the 34.25 area. Then, the price of silver will continue to rise with a target above the 40.75 level. The test of the trend line on the relative strength indicator will support the rise. A fall and breakout of the 29.05 level will cancel the XAG/USD growth scenario. This will indicate a continuation of the decline in quotes to the area below the 27.65 level.
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