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 77.27. 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 87.45. From there, we should expect a price rebound and a continued decline in Silver with a target below 50.25.
Silver Forecast XAG/USD for February 6, 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 100.55 would cancel out the downward trend in Silver prices on February 6, 2026. This will indicate a breakout of the resistance area and continued growth above 115.05. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 73.05.
Silver Forecast XAG/USD for February 6, 2026 suggests an attempt to test the resistance area near 87.45. A subsequent downward rebound and continued decline in silver with a target below 50.25 are expected. A strong rally and a breakout of 100.55 would cancel out the upward trend in silver prices. This would indicate a breakout of the resistance area. In this case, a continued rise in silver with a target of 115.05 is expected.
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