XAG/USD quotes continue to move within the framework of the decline and the beginning of the implementation of the “Head and Shoulders” model. At the time of publication of the Silver forecast, the price is 37.30. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines downwards, indicating pressure from sellers and a potential continuation of the decline in value from current levels. At the moment, we can expect an attempt to develop a correction in the metal’s value and a test of the resistance level near the 37.65 area. From there, we can expect a downward rebound and a continuation of the decline in the price of silver with a target below the 36.35 level.
Silver Forecast XAG/USD for August 20, 2025
An additional signal in favor of a decline in quotes and prices for silver XAG/USD will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of a decline will be a rebound from the lower border of the “Head and Shoulders” reversal pattern. A strong rise and a breakout of 39.25 will cancel the option of a decline in silver prices on August 20, 2025. This will indicate a breakout of the resistance area and a continuation of growth to the area above the level of 42.85. An acceleration in the decline in XAG/USD quotes should be expected with a breakout of the support area and the price consolidating below the 36.95 level.
Silver Forecast XAG/USD for August 20, 2025 suggests an attempt to test the resistance area near the 37.65 level. Further, the quotes will continue to fall with a target below the level of 36.35. A strong growth and a breakout of the level of 39.25 will cancel the option of a decline in silver prices. This will indicate a breakout of the resistance area. In this case, we should expect a continuation of the growth of the silver price with a target at the level of 42.85.
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