XAG/USD prices continue to move within a developing correction and a descending channel. At the time of publication of the silver forecast, the price is 75.30. 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 76.15 is expected. Where should we expect a downward price rebound and a continued decline in silver with a target below 61.45?
Silver Forecast XAG/USD for April 9, 2026
An additional signal favoring a decline in XAG/USD Silver 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 83.55 would cancel out the downward price scenario for silver on April 9, 2026. This would indicate a breakout of the resistance area and continued growth above 89.05. We should expect an acceleration in XAG/USD price growth with a breakout of the resistance area and a consolidation above 62.05, which would signal a breakout of the lower boundary of the bullish correction channel.
Silver Forecast XAG/USD for April 9, 2026 suggests an attempt to test the resistance area near 76.15. Next, we should expect a price rebound and a continued decline in silver with a target below 61.45. A strong rally and a breakout of 83.55 would cancel out this downward trend. This would indicate a breakout of the resistance area. In this case, we should expect a continued rise in silver with a target of 89.05.
