XAG/USD quotes continue to move within the growth trend, leaving the limits of the bearish channel. At the time of publication of the forecast, the price of silver is 37.83. 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 bearish correction in the metal’s value and a test of the support level near the 37.65 area. From there, we can expect a rebound and a continuation of the rise in the price of silver with a target above the level of 39.05.
Silver Forecast XAG/USD for August 6, 2025
An additional signal in favor of growth in quotes and prices for silver XAG/USD will be a test of the support line on the relative strength indicator (RSI) indicator. The second signal in favor of an increase will be a rebound from the lower border of the bullish channel. A fall and breakout of 36.75 will cancel the option of growth in silver prices on August 6, 2025. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 33.85. An acceleration in the growth of XAG/USD quotes should be expected with a breakout of the resistance area and consolidation above the level of 38.65.
Silver Forecast XAG/USD for August 6, 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 39.05. A fall and breakout of the level of 36.75 will cancel the option of a rise in silver prices. This will indicate a breakout of the support area. In this case, we should expect a continuation of the fall in the price of silver with a target at the level of 33.85.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
