XAG/USD prices continue to move as part of a developing correction and the formation of a Triangle pattern. At the time of publication of this forecast, the price of Silver is 109.02. 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 107.25. From there, we should expect an upward rebound and continued growth in Silver with a target above 126.45.
Silver Forecast XAG/USD for January 28, 2026
An additional signal supporting 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 supporting a decline will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of 98.55 would cancel the upward price movement for Silver on January 28, 2026. This would indicate a breakout of the support area and a continuation of the decline below 86.75. We expect XAG/USD to accelerate with a breakout of the resistance area and a consolidation above 118.05, which would indicate a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
Silver Forecast XAG/USD for January 28, 2026 suggests an attempt to test the support area near 107.25. Further growth with a target above this level is then expected, leading to an upward rebound and further growth for silver with a target above 126.45. A decline and a breakout of 98.55 would cancel out this upward trend for silver. This would indicate a breakout of the support area. In this case, we should expect continued declines for silver with a target of 86.75.
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