XAG/USD prices continue to move within a downward trend and a descending channel. At the time of publication of the silver forecast, the price is 71.14. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating bearish pressure and a potential further decline from current levels. Currently, an attempt at a bullish price correction and a test of the resistance area near 72.05 is expected. Where should we expect a price rebound and a continued decline in Silver with a target below 65.85?
Silver Forecast XAG/USD for April 30, 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 76.25 would cancel out the downward trend in Silver on April 30, 2026. This would indicate a breakout of the resistance area and continued growth above 80.75. Expect the decline in XAG/USD quotes to accelerate with a breakout of the support area and a consolidation below 69.65.
Silver Forecast XAG/USD for April 30, 2026 suggests an attempt to test the resistance area near 72.05. Next, we should expect a price rebound and a continued decline in silver, with a target below 65.85. A strong rally and a breakout of 76.25 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 80.75.
