XAG/USD prices continue to move within the downward trend and a bullish channel. At the time of publication of the Silver forecast, the price is 48.15. Moving averages indicate an upward trend. Prices are again testing the area between the signal lines, indicating buying pressure and potential continued price growth 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 48.95. From there, we should expect a price rebound and a continued decline in Silver with a target below 43.85.
Silver Forecast XAG/USD for October 23, 2025
An additional signal supporting 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 supporting a decline will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 54.35 would cancel the downward trend for Silver on October 23, 2025. This would indicate a breakout of the resistance area and continued growth above 56.35. Expect the XAG/USD price to decline further with a breakout of the support area and consolidation below 46.05, which would indicate a breakout of the lower boundary of the bullish channel.
Silver Forecast XAG/USD for October 23, 2025 suggests an attempt to test the resistance area near 48.95. Subsequently, a continued decline is expected with a target below 43.85. A strong rally and a breakout of 54.35 would invalidate the downward trend for silver. This would indicate a breakout of the resistance area. In this case, a continued rise in silver prices with a target of 56.35 is expected.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
