XAG/USD quotes continue to move within the framework of growth and the beginning of the implementation of the “Wedge” reversal model. At the time of publication of the forecast, the price of silver is 36.45. 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 a decline in the price of the metal and a test of the support level near the 35.05 area. From there, we can expect a rebound and continued growth in the price of silver, with a target above the 39.75 level.
Silver Forecast XAG/USD for July 3, 2025
An additional signal in favor of growth in the quotes and prices of silver XAG/USD will be a test of the support line on the relative strength indicator (RSI) indicator. The second signal in favor of an increase will be a rebound from the upper border of the “Wedge” reversal pattern. A fall and breakout of 33.45 will cancel the option of growth in silver prices on July 3, 2025. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 32.25. An acceleration in the growth of XAG/USD quotes should be expected with a breakout of the resistance area above the level of 37.05.
Silver Forecast XAG/USD for July 3, 2025 suggests an attempt to test the support area near the level of 35.05. Further, the quotes will continue to grow with a target above the level of 39.75. A decline and breakout of the 33.45 level will cancel the option of a rise in silver prices. This will indicate a breakout of the support area. In this case, we should expect a continuation of the decline in silver prices with a target at 32.25.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
