XAG/USD prices continue to move within a developing bullish correction and a descending channel. At the time of publication of this forecast, the price of Silver is 69.34. 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 71.35. From there, we should expect a price rebound and a continued decline in Silver with a target below 54.85.
Silver Forecast XAG/USD for March 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 upper boundary of the bearish channel. A strong rally and a breakout of 82.05 would cancel the downward trend for Silver on March 24, 2026. This will indicate a breakout of the resistance area and continued growth above 86.75. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 65.35.
Silver Forecast XAG/USD for March 24, 2026 suggests an attempt to test the resistance area near 71.35. A subsequent downward rebound and continued decline in silver with a target below 54.85 are expected. A strong rally and a breakout of 82.05 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 86.75 is expected.
