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 38.59. 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 metal and a test of the support level near the 38.25 area. Where should we expect a price rebound upwards and continued growth in the price of Silver with a target above the level of 39.45.
Silver Forecast XAG/USD for August 28, 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 upper border of the descending channel. Cancellation of the option of growth in prices for Silver on August 28, 2025 will be a fall and a breakout of 37.85. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 35.65. Expect the acceleration of growth of XAG/USD quotes with a breakout of the support area and consolidation of the price below the level of 39.05.
Silver Forecast XAG/USD for August 28, 2025 suggests an attempt to test the support area near the level of 38.25. Further, continuation of growth of quotes with a target above the level of 39.45. Cancellation of the option of growth of prices for Silver will be a fall and a breakout of the level of 37.85. This will indicate a breakout of the support area. In this case, one should expect a continuation of the decline in the price of Silver with a target at the level of 35.65.
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