XAG/USD quotes continue to move within a growing trend and a bullish channel. At the time of this forecast, the price is 69.40. Moving averages indicate a bearish trend. Prices have broken above the signal lines, indicating bullish pressure and potential continued price growth from current levels. Currently, we expect an attempt to further weaken the metal and test support near 64.65. From there, we expect a price rebound and continued growth for Silver, with a target above 79.45.
Silver Forecast XAG/USD for 28 August 2026
An additional signal supporting growth for XAG/USD Silver quotes and prices will be a test of the bullish trend on the relative strength indicator (RSI). A second signal supporting growth will be a rebound from the lower boundary of the bullish channel. The silver price rally on August 28, 2026, would be cancelled if the pair were to rise sharply and break above 62.05. This would indicate a breakout of the support area and a continued decline below 56.45. XAG/USD should be expected to accelerate with a breakout of the resistance area and consolidation below 70.45.
Silver Forecast XAG/USD for 28 August 2026 suggests an attempt to test the support area near 64.65. A subsequent upward rebound and continued silver price growth with a target above 79.45 are expected. The silver price rally would be cancelled if the pair were to fall and break below 62.05. This would indicate a breakout of the support area. In this case, a continued decline in silver prices with a target of 56.45 are expected.
