XAG/USD prices continue to move within the developing correction and descending channel. At the time of publication of the Silver forecast, the price is 72.16. 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 at a bullish correction in the metal price and a test of the resistance level near 72.65. From there, we should expect a price rebound and a continued decline in Silver with a target below 54.35.
Silver Forecast XAG/USD for April 8, 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 83.35 would cancel the downward trend in Silver prices on April 8, 2026. This will indicate a breakout of the resistance area and continued growth above 88.65. We should expect an acceleration in XAG/USD price growth once the resistance area is broken and the price consolidates above 70.05.
Silver Forecast XAG/USD for April 8, 2026 suggests an attempt to test the resistance area near 72.65. We should then expect a downward rebound and a continued decline in silver with a target below 54.35. A strong rally and a breakout of 83.35 would cancel out the downward trend in silver prices. This would indicate a breakout of the resistance area. In this case, we should expect a continued rise in silver with a target of 88.65.
