XAG/USD prices continue to move within a growing and descending channel. At the time of publication of the silver forecast, the price is 75.19. 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 decline from current levels. Currently, an attempt at a bullish price correction and a test of the resistance area near 78.75 is expected. Where should we expect a price rebound and a continued decline in Silver with a target below 62.55?
Silver Forecast XAG/USD for April 2, 2026
An additional signal favoring a decline in Silver XAG/USD quotes and prices will be a test of the resistance line on the relative strength indicator (RSI). A second signal favoring a decline will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 84.05 would cancel out the downward trend in Silver on April 2, 2026. This would indicate a breakout of the resistance area and continued growth above 88.55. We should expect an acceleration in XAG/USD quotes growth with a breakout of the resistance area and a consolidation above 76.45.
Silver Forecast XAG/USD for April 2, 2026 suggests an attempt to test the resistance area near 78.75. Next, we should expect a price rebound and a continued decline in silver with a target below 62.55. A strong rally and a breakout of 84.05 would cancel out the downward trend in silver. This would indicate a breakout of the resistance area. In this case, we should expect a continued rise in silver with a target of 88.55.
