XAG/USD prices continue to move within the correction and the formation of a triangle pattern. At the time of publication of the silver forecast, the price is 48.60. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, indicating buying pressure and potential continued price growth from current levels. Currently, an attempt to develop metal prices and a test of the resistance area near 48.95 is expected. Where should we expect a price rebound and a continued decline in Silver with a target below 45.15?
Silver Forecast XAG/USD for November 7, 2025
An additional signal favoring 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 favoring a decline will be a rebound from the upper boundary of the Triangle pattern. A strong rally and a breakout of 50.35 would cancel out the downward trend in Silver on November 7, 2025. This would indicate a breakout of the resistance area and continued growth above 52.65. We should expect an acceleration of the decline in XAG/USD quotes with a breakout of the support area and a consolidation below 46.25, which would signal a breakout of the lower boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets below.
Silver Forecast XAG/USD for November 7, 2025 suggests an attempt to test the resistance area near 48.95. Next, a continued decline in quotes with a target below 45.15 is expected. A strong rally and a breakout of 50.35 would cancel out this downward trend in silver prices. This would indicate a breakout of the resistance area. In this case, we should expect a continued rise in silver prices with a target of 52.65.
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