XAG/USD prices continue to move within a bullish correction and a descending channel. At the time of publication of the silver forecast, the price is 59.25. Moving averages indicate a bearish trend. Prices are testing the area between the signal lines, indicating bearish pressure and a potential continuation of the decline from current levels. Currently, an attempt to develop a rise in the metal price and a test of the resistance area near 60.35 is expected. Where should we expect a price rebound and a continued decline in Silver with a target below 47.55?
Silver Forecast XAG/USD for July 28, 2026
An additional signal favoring 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 favoring a decline will be a rebound from the resistance level on the price chart. A strong rally and a breakout of 66.75 would invalidate the downward price scenario for Silver on July 28, 2026. This would indicate a breakout of the resistance area and continued growth above 73.65. Expect the XAG/USD price decline to accelerate with a breakout of the support area and a consolidation below 54.05, which would indicate a breakout of the lower boundary of the descending channel, signaling a decline by the channel’s width.
Silver Forecast XAG/USD for July 28, 2026 suggests an attempt to test the resistance area near 60.35. A downward rebound and continued decline in silver are expected, with a target below 47.55. A strong rally and a breakout of 66.75 would cancel out the downward trend. This would indicate a breakout of the resistance area. In this case, a continued rise in silver is expected, with a target of 73.65.
