XAG/USD prices continue to move within a declining trend and a descending channel. At the time of publication of this forecast, the price of Silver is 83.79. 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 bullish correction in the metal price and a test of the support level near 87.65. From there, we should expect a price rebound and a continued decline in Silver with a target below 57.65.
Silver Forecast XAG/USD for February 4, 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 upper boundary of the bearish channel. A strong rally and a breakout of 103.55 would cancel the downward trend in Silver prices on February 4, 2026. This will indicate a breakout of the resistance area and continued growth above 115.65. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 76.55, which would indicate a breakout of the lower boundary of the bullish correction channel.
Silver Forecast XAG/USD for February 4, 2026 suggests an attempt to test the resistance area near 87.65. A subsequent downward rebound and continued decline in silver with a target below 57.65 are expected. A strong rally and a breakout of 103.55 would cancel the upward trend in silver. This would indicate a breakout of the resistance area. In this case, a continued rise in silver with a target of 115.65 is expected.
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