XAG/USD prices continue to move within the developing correction and bullish channel. At the time of publication of this forecast, the price of Silver is 77.04. Moving averages indicate a bullish trend. Prices have broken above the signal lines, indicating buying pressure and potential continued price growth from current levels. Currently, we should expect an attempt to further weaken the metal and test the support level near 67.45. From there, we should expect a price rebound and continued growth in Silver with a target above 76.65.
Silver Forecast XAG/USD for January 2, 2026
An additional signal of growth in Silver XAG/USD quotes and prices will be a test of the support line on the relative strength indicator (RSI). A second signal of decline will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of 61.45 would cancel the upward trend for Silver on January 2, 2026. This would indicate a breakout of the support area and a continuation of the decline below 55.65. We should expect an acceleration in the growth of XAG/USD prices with a breakout of the resistance area and a consolidation above 73.05.
Silver Forecast XAG/USD for January 2, 2026 suggests an attempt to test the support area near 67.45. Subsequently, we expect continued growth with a target above 76.65. A decline and a breakout of 61.45 would cancel out the upward trend in silver prices. This would indicate a breakout of the support area. In this case, we should expect continued decline in silver prices with a target of 55.65.
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