XAG/USD Forecast Silver and Analysis May 26, 2021


Silver continue to move within the growth and bullish channel. At the time of the publication of the forecast, Silver prices are at $ 27.66. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of the growth in value from the current levels. At the moment, we should expect an attempt to develop a correction in the value of the metal and a test of the support level near the 27.45 area. Where can we expect a rebound and continued growth in the price of Silver with a target above the level of 29.35.

XAG/USD Forecast Silver and Analysis May 26, 2021

An additional signal in favor of raising quotes and prices for XAG/USD Silver will be a test of the support line on the relative strength index (RSI). The second signal in favor of growth will be a rebound from the lower border of the “Triangle” pattern. Cancellation of the option to raise Silver prices on May 26 will be a fall and a breakdown of 26.75. This will indicate a breakdown of the support area and a continued fall to the area below the level of 23.55. Expect an acceleration of the rise in XAG/USD quotes with the breakdown of the resistance area and closing of the price above the level of 28.05, which will indicate a breakdown of the upper border of the “Triangle” model.

XAG/USD Forecast Silver and Analysis May 26, 2021

XAG/USD Forecast Silver and Analysis May 26, 2021 suggests an attempt to test the support area near the 27.45 level. Further, the continued growth of quotations with a target above the level of 29.35. Cancellation of the growth option for Silver prices will be a fall and a breakdown of the level of 26.75. This will indicate a breakdown of the support level. In this case, we should expect the price to continue falling below the level of 23.55.


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