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 77.70. 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 76.25. From there, we should expect an upward rebound and continued growth in Silver with a target above 86.45.
Silver Forecast XAG/USD for January 8, 2026
An additional signal favoring an increase in Silver XAG/USD quotes and prices will be a test of the support line on the relative strength indicator (RSI). A second signal favoring a decline will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of 74.25 would cancel the upward price movement for Silver on January 8, 2026. This would indicate a breakout of the support area and a continuation of the decline below 68.05. Expect XAG/USD to accelerate with a breakout of the resistance area and consolidation above 81.05.
Silver Forecast XAG/USD for January 8, 2026 suggests an attempt to test the support area near 76.25. Further growth with a target above this level is expected, followed by an upward rebound and continued growth in silver with a target above 86.45. A decline and a breakout of 74.25 would cancel out the upward trend in silver. This would indicate a breakout of the support area. In this case, we should expect continued decline in silver with a target of 68.05.
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