XAG/USD prices continue to move within a declining trend and a descending channel. At the time of publication of this forecast, the price of Silver is 72.82. 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 at a bullish correction in the metal price and a test of the resistance level near 75.85. From there, we should expect a price rebound and a continued decline in Silver with a target below 55.85.
Silver Forecast XAG/USD for May 6, 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 lower boundary of the bullish channel. A strong rally and a breakout of 85.05 would cancel the downward trend in Silver prices on May 5, 2026. This will indicate a breakout of the resistance area and continued growth above 90.65. Expect the XAG/USD price decline to accelerate with a breakout of the support area and consolidation below 67.05.
Silver Forecast XAG/USD for May 6, 2026 suggests an attempt to test the resistance area near 75.85. A subsequent downward rebound and continued decline in silver with a target below 55.85 are expected. A strong rally and a breakout of 85.05 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 90.65 is expected.
