XAG/USD prices continue to move within the developing bullish correction and descending channel. At the time of publication of this forecast, the price of Silver is 71.71. 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. Currently, we should expect an attempt at a bullish correction in the metal price and a test of the resistance level near 74.15. From there, we should expect a price rebound and a continued decline in Silver with a target below 59.95.
Silver Forecast XAG/USD for March 20, 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 upper boundary of the bearish channel. A strong rally and a breakout of 83.05 will cancel out the downward trend in Silver prices on March 20, 2026. This will indicate a breakout of the resistance area and continued growth above 89.55. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 68.55.
Silver Forecast XAG/USD for March 20, 2026 suggests an attempt to test the resistance area near 74.15. A subsequent downward rebound and continued decline in silver with a target below 59.95 are expected. A strong rally and a breakout of 83.05 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 89.55 is expected.
