XAG/USD quotes continue to move within a downward trend, forming a “Wedge” reversal pattern. At the time of this forecast, the price of silver stands at 60.79. Moving averages indicate a bearish trend. Prices have broken downward through the area between the signal lines, indicating bearish pressure and a potential continuation of the price decline from current levels. For now, we should expect an attempt to drive the metal’s price lower and a test of the support area near 58.75. From there, a rebound and a resumption of silver’s price growth—targeting levels above 64.85—are expected.
Silver Forecast XAG/USD for October 13, 2026
An additional signal favoring a rise in XAG/USD quotes is a test of the bullish trend line on the Relative Strength Index (RSI) indicator. A second signal supporting growth is a rebound from the lower boundary of the “Wedge” reversal pattern. The scenario of rising silver prices on October 13, 2026, would be invalidated if quotes fall and break below 55.45. This would indicate a breach of the support area and a continued decline toward levels below 52.65. An acceleration in XAG/USD price growth should be expected upon a breakout of the resistance area and price consolidation above the 61.65 level; this would signal a breakout of the upper boundary of the “Wedge” reversal pattern and the start of the pattern’s upward movement toward its targets.
Silver Forecast XAG/USD for October 13, 2026 anticipates an attempt to test the support area near the 58.75 level. Subsequently, an upward price rebound and continued growth in silver prices toward a target above 64.85 should be expected. The scenario of rising silver prices would be invalidated if the asset’s quotes fall and break below the 55.45 level, indicating a breach of the support area. In that case, a continued decline in silver prices toward a target of 52.65 would be expected.
