XAG/USD prices continue to move as part of the upward trend and the beginning of a Head and Shoulders reversal pattern. At the time of publication of this forecast, the price of Silver is 86.75. Moving averages indicate a bearish trend. Prices have broken above the signal lines, indicating bullish pressure and potential continued price growth from current levels. Currently, we should expect an attempt at a bearish correction in the metal’s price and a test of support near 82.35. From there, we should expect a price rebound and continued growth for Silver, with a target above 97.35.
Silver Forecast XAG/USD for February 24, 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 bullish channel. A decline and a breakout of 74.05 would cancel out the upward trend for Silver on February 24, 2026. This will indicate a breakout of the support area and a continued decline below 67.55. We should expect an acceleration in XAG/USD price growth with a breakout of the resistance area and a consolidation above 89.65.
Silver Forecast XAG/USD for February 24, 2026 suggests an attempt to test the support area near 82.35. We should then expect an upward rebound and continued growth in silver with a target below 97.35. A decline in silver prices and a breakout of 74.05 would cancel out this upward trend. This would indicate a breakout of the support area. In this case, we should expect continued decline in silver with a target of 67.55.
