XAG/USD quotes continue to move within a developing bullish correction and descending channel. At the time of publication of the Silver forecast, the price is 60.01. Moving averages indicate a bearish trend. Prices have broken below the area between the signal lines, indicating bearish pressure and a potential continuation of the price decline from current levels. At this point, we should expect an attempt to further increase the price of the metal and a test of the resistance level near 62.05. From here, we should expect a downward rebound and a continued decline in the price of Silver with a target below 45.05.
Silver Forecast XAG/USD for July 1, 2026
An additional signal of a decline in XAG/USD Silver quotes and prices will be a test of the descending resistance line on the relative strength indicator (RSI). A second signal of a decline will be a rebound from the resistance level on the price chart. The potential for a silver price decline on July 1, 2026, would be cancelled if the price rises sharply and breaks above 66.45. This would indicate a breakout of the resistance area and continued growth above 72.65. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 56.05.
Silver Forecast XAGUSD for July 1, 2026 suggests an attempt to test the resistance area near 62.05. A subsequent downward rebound and continued decline in silver with a target below 45.05 are expected. The potential for a silver price decline would be cancelled if the price rises sharply and breaks above 66.45. This would indicate a breakout of the resistance area. In this case, a continued rise in silver with a target of 72.65 is expected.
