XAG/USD quotes continue to move within the framework of a minor correction and a bullish channel. At the time of publication of the forecast, the price of silver is 36.36. 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. Now, we can expect an attempt at a bearish correction in the metal’s price and a test of the support level near the 36.15 area. From there, we can expect a rebound in prices and a continuation of the growth in silver prices with a target above the 39.65 level.
Silver Forecast XAG/USD for June 20, 2025
An additional signal in favor of a rise in 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 a decline will be a rebound from the upper border of the bearish channel. A decline and breakout of 34.25 will cancel the option of a rise in silver prices on June 20, 2025. This will indicate a breakout of the support area and a continuation of the decline to the area below the level of 32.35. An acceleration in the rise of XAG/USD quotes should be expected with a breakout of the resistance area above the level of 38.05.
Silver Forecast XAG/USD for June 20, 2025suggests an attempt to test the support area near the level of 36.15. Further, the quotes will continue to rise with a target above the level of 39.65. A decline and breakout of the 34.25 level will negate the possibility of a rise in silver prices. This will indicate a breakout of the support area. In this case, we can expect a continued decline in the price of silver with a target of 32.35.
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