XAG/USD prices continue to move as part of a developing correction and the formation of a head and shoulders reversal pattern. At the time of publication of the silver forecast, the price is 73.40. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating downward pressure from bears and a potential further decline from current levels. Currently, an attempt to continue the decline in the metal price and a test of the support area near 73.05 is expected. Where should we expect an upward price rebound and continued growth in Silver with a target above 82.65?
Silver Forecast XAG/USD for June 4, 2026
An additional signal favoring an increase in quotes and prices for Silver XAG/USD will be a test of the support line on the relative strength indicator (RSI). A second signal favoring a decline will be a rebound from the lower boundary of the Head and Shoulders reversal pattern. A decline in Silver prices on June 4, 2026, and a breakout of 69.45 will cancel out the upward price scenario. This will indicate a breakout of the support area and a continuation of the decline below 62.55. We should expect an acceleration in XAG/USD price growth with a breakout of the resistance area and a consolidation above 78.65, which will indicate a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
Silver Forecast XAG/USD for June 4, 2026 suggests an attempt to test the support area near 73.05. A subsequent upward rebound and continued price growth with a target above 82.65 are expected. A decline in silver prices and a breakout of 69.45 would cancel out this upward price movement. This would indicate a breakout of the support area. In this case, a continued decline in silver with a target of 62.55 is expected.
