XAG/USD prices continue to move within a declining trend and a descending channel. At the time of publication of the Silver forecast, the price is 62.02. Moving averages indicate a bearish trend. Prices have broken below 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 62.85. From there, we should expect a price rebound and a continued decline in Silver with a target below 56.55.
Silver Forecast XAG/USD for June 24, 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 66.05 will cancel out the scenario of a price decline for Silver on June 24, 2026. This will indicate a breakout of the resistance area and continued growth above 75.05. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 61.45.
Silver Forecast XAGUSD for June 24, 2026 suggests an attempt to test the resistance area near 62.85. A subsequent downward rebound and continued decline in silver with a target below 56.55 are expected. A strong rally and a breakout of 66.05 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 75.05 is expected.
