XAG/USD prices continue to move as part of a developing correction and the formation of a Head and Shoulders reversal pattern. At the time of publication of the Silver forecast, the price is 76.60. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating selling pressure and a potential continuation of the price decline from current levels. At this point, we should expect an attempt at a bearish correction in the metal price and a test of the support level near 73.45. From there, we should expect an upward rebound and continued growth in Silver with a target above 92.55.
Silver Forecast XAG/USD for February 17, 2026
An additional signal favoring an increase in Silver XAG/USD quotes and prices will be a test of the support line on the relative strength indicator (RSI). A second signal favoring a decline will be a rebound from the lower boundary of the Head and Shoulders reversal pattern. A decline and a breakout of 66.05 would cancel out the upward trend in Silver on February 17, 2026. This will indicate a breakout of the support area and a continued decline below 55.05. XAG/USD should be expected to accelerate with a breakout of the resistance area and a consolidation above 87.25, which would signal a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
Silver Forecast XAG/USD for February 17, 2026 suggests an attempt to test the support area near 73.45. Subsequently, we expect an upward rebound and continued growth in silver with a target above 92.55. A decline in silver prices and a breakout of 66.05 would cancel the upward trend. This would signal a breakout of the support area. In this case, we should expect a continued decline in silver with a target of 55.05.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
