XAG/USD quotes continue to move within the correction and have left the bullish channel. At the time of publication, the price of silver is 37.60. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop growth in the price of the metal and a test of the resistance level near the 37.85 area. From there, we can expect a downward rebound and a continuation of the decline in the price of silver with a target below the 35.75 level.
Silver Forecast XAG/USD for July 16, 2025
An additional signal in favor of a decline in quotes and prices for silver XAG/USD will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of an increase will be a rebound from the lower border of the bullish channel. A strong increase and a breakout of 38.75 will cancel the option of a fall in silver prices on July 16, 2025. This will indicate a breakout of the resistance area and a continuation of growth to an area above the level of 39.95. An acceleration in the decline in XAG/USD quotes should be expected with a breakout of the support area below the 37.25 level, which will indicate a breakout of the lower border of the bullish channel.
Silver Forecast XAG/USD for July 16, 2025 suggests an attempt to test the resistance area near the 37.85 level. Further, the quotes will continue to fall with a target below the level of 35.75. A strong growth and a breakout of the level of 38.75 will cancel the scenario of a decline in silver prices. This will indicate a breakout of the resistance area. In this case, we should expect a continuation of the growth in the price of silver with a target at the level of 39.95.
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