XAG/USD quotes continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast Silver, the price is 38.12. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth in price from the current levels. At the moment, we should expect an attempt to develop a correction in the cost of the metal and a test of the support level near the 37.65 area. Where should we expect a price rebound upwards and continued growth in the price of Silver with a target above the level of 39.65.
Silver Forecast XAG/USD for August 12, 2025
An additional signal in favor of the growth of quotes and prices for Silver XAG / USD will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of a fall will be a rebound from the lower border of the bullish channel. Cancellation of the option of growth in prices for Silver on August 12, 2025 will be a fall and a breakout of 37.25. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 35.35. Expect the XAG/USD quotes to accelerate their growth with a breakout of the resistance area and consolidation above the level of 38.75.
Silver Forecast XAG/USD for August 12, 2025 suggests an attempt to test the support area near the level of 37.65. Further, the quotes will continue to grow with a target above the level of 39.65. The option of increasing Silver prices will be cancelled by a fall and a breakout of the level of 37.25. This will indicate a breakout of the support area. In this case, we should expect the Silver price to continue to decline with a target at the level of 35.35.
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