XAG/USD prices continue to move within the downward trend and have exited the bullish channel and the formation of the Triangle pattern. At the time of publication of this forecast, the price of Silver is 80.12. Moving averages indicate a bullish 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 bullish correction in the metal price and a test of the support level near 89.25. From there, we should expect a price rebound and a continued decline in Silver with a target below 52.75.
Silver Forecast XAG/USD for February 3, 2026
An additional signal supporting a decline in Silver XAG/USD quotes and prices will be a test of the resistance line on the relative strength indicator (RSI). A second signal supporting a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 102.65 would cancel the downward trend in Silver prices on February 3, 2026. This would indicate a breakout of the resistance area and continued growth above 115.05. Expect the XAG/USD price to decline further with a breakout of the support area and consolidation below 70.55.
Silver Forecast XAG/USD for February 3, 2026 suggests an attempt to test the resistance area near 89.25. A subsequent price rebound and continued decline are expected, with a target below 52.75. A strong rally and a breakout of 102.65 would cancel out the upward trend for silver. This would indicate a breakout of the resistance area. In this case, a continued rise in silver is expected, with a target of 115.05.
