XAG/USD quotes continue to move within the framework of the upward trend and bullish channel. At the time of publication of the forecast, the price of silver is 36.42. 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 should expect an attempt at a bearish correction in the metal’s price and a test of the support level near the 34.75 area. From there, we should expect a rebound in prices and a continuation of the rise in the price of silver with a target above the 39.85 level.
Silver Forecast XAG/USD for June 17, 2025
An additional signal in favor of a rise in XAG/USD silver quotes and prices will be a test of the support line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the lower border of the bullish channel. A decline and breakout of 34.25 will cancel the option of a rise in silver prices on June 17, 2025. This will indicate a breakout of the support area and a continuation of the decline to below 32.65. An acceleration in the rise of XAG/USD quotes can be expected with a breakout of the resistance area above 37.55.
Silver Forecast XAG/USD for June 17, 2025 suggests an attempt to test the support area near the 34.75 level. Further, the quotes will continue to rise with a target above the 39.85 level. A decline and breakout of the 34.25 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 the price of silver with a target at the 32.65 level.
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