XAG/USD prices continue to move as part of the upward movement and the beginning of the “Triangle” pattern. At the time of publication of the Silver forecast, the price is 61.53. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, indicating bearish pressure and a potential continuation of the price decline from current levels. At this point, we should expect an attempt to continue the decline in the metal and a test of support near 58.65. From there, we should expect an upward rebound and continued growth in Silver with a target above 66.65.
Silver Forecast XAG/USD for 6 August 2026
An additional signal of growth in Silver XAG/USD quotes and prices will be a test of the bullish trend on the relative strength indicator (RSI). A second signal of growth will be a rebound from the upper boundary of the Triangle pattern. A strong rise in quotes and a breakout of 57.05 will cancel the upward trend for Silver on August 6, 2026. This will indicate a breakout of the support area and a continued decline below 52.45. We should expect XAG/USD to accelerate once the resistance area is broken and the price consolidates below 63.55.
Silver Forecast XAG/USD for 6 August 2026 suggests an attempt to test the support area near 58.65. We should then expect an upward rebound and continued growth in silver with a target above 58.65. A decline in silver prices and a breakout of 57.05 would cancel out this upward trend. This would indicate a breakout of the support area. In this case, we should expect continued decline in silver with a target of 52.45.
