XAG/USD prices continue to move within a declining trend and a descending channel. At the time of publication of the Silver forecast, the price is 73.38. Moving averages indicate a bullish trend. Prices have broken below 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 at a bullish correction in the metal price and a test of the resistance level near 74.85. From there, we should expect a price rebound and a continued decline in Silver with a target below 67.55.
Silver Forecast XAG/USD for April 29, 2026
An additional signal of 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 of a decline will be a rebound from the upper boundary of the bearish channel. A strong rally and a breakout of 77.05 will cancel the downward trend in Silver prices on April 29, 2026. This will indicate a breakout of the resistance area and continued growth above 82.05. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 71.25, which would indicate a breakout of the lower boundary of the bullish correction channel.
Silver Forecast XAG/USD for April 29, 2026 suggests an attempt to test the resistance area near 74.85. A subsequent downward rebound and continued decline in silver with a target below 67.55 are expected. A strong rally and a breakout of 77.05 would cancel out the downward trend in silver prices. This would indicate a breakout of the resistance area. In this case, a continued rise in silver with a target of 82.05 is expected.
