XAG/USD quotes continue to move within the bullish correction and bearish channel. At the time of publication of the forecast, the price of silver is 37.31. 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 at a bullish correction in the metal’s value and a test of the resistance level near the 37.55 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 35.05 level.
Silver Forecast XAG/USD for August 5, 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) indicator. The second signal in favor of an increase will be a rebound from the upper border of the bearish channel. A strong increase and a breakout of 38.65 will cancel the option of a fall in silver prices on August 5, 2025. This will indicate a breakout of the resistance area and a continuation of growth to an area above the level of 40.65. An acceleration in the decline of XAG/USD quotes should be expected with a breakout of the support area and consolidation below the level of 37.05.
Silver Forecast XAG/USD for August 5, 2025 suggests an attempt to test the resistance area near the level of 37.55. Further, the quotes will continue to fall with a target below the level of 35.05. A strong growth and a breakout of the level of 38.65 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 in the price of silver with a target at the level of 40.65.
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