XAG/USD quotes continue to move within the framework of growth development and the beginning of the implementation of the “Wedge” reversal pattern. At the time of publication of the forecast, the Silver price is 36.75. Moving averages indicate the presence of an upward trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and a potential continuation of the growth in price from the current levels. At the moment, we should expect an attempt to develop a decrease in the cost of the metal and a test of the support level near the 36.25 area. Where should we expect a price rebound upwards and continued growth in the price of Silver with a target above the level of 39.65.
Silver Forecast XAG/USD for July 4, 2025
An additional signal in favor of the growth of quotes and prices for Silver XAG/USD will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of growth will be a rebound from the upper border of the “Wedge” reversal pattern. The cancellation of the Silver price growth scenario on July 4, 2025 will be a fall and a breakout of 33.65. This will indicate a breakout of the support area and a continuation of the fall to the area below 32.45. It is worth expecting an acceleration in the growth of XAG/USD quotes with a breakout of the resistance area above 37.25.
Silver Forecast XAG/USD for July 4, 2025 suggests an attempt to test the support area near the level of 36.25. Further, the continuation of the growth of quotes with a target above the level of 39.65. The cancellation of the Silver price growth scenario will be a fall and a breakout of the level of 33.65. This will indicate a breakout of the support area. In this case, it is worth expecting a continuation of the fall in the price of Silver with a target at the level of 32.45.
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