XAG/USD prices continue to move within a developing bullish correction and a descending channel. At the time of publication of the Silver forecast, the price is 70.21. Moving averages indicate a bearish trend. Prices are again testing 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 test the resistance level near 72.85. From there, we should expect a price rebound and a continued decline in Silver with a target below 55.05.
Silver Forecast XAG/USD for June 16, 2026
An additional signal of a decline in Silver XAG/USD quotes and prices will be a test of the 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. A strong rise in quotes and a breakout of 80.05 will cancel out the scenario of a price decline for Silver on June 16, 2026. This will indicate a breakout of the resistance area and continued growth above 86.05. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 65.05.
Silver Forecast XAG/USD for June 16, 2026 suggests an attempt to test the resistance area near 72.85. A subsequent downward rebound and continued decline in silver with a target below 55.05 are expected. A strong rally and a breakout of 80.05 would cancel out the downward trend in silver. This would indicate a breakout of the resistance area. In this case, a continued rise in silver with a target of 86.05 is expected.
