XAG/USD prices continue to move within a downward trend and a bearish channel. At the time of publication of this forecast, the price of Silver is 46.85. Moving averages indicate a bearish trend. Prices have broken below the signal lines, indicating selling 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 47.35. From there, we should expect a price rebound and a continued decline in Silver with a target below 44.35.
Silver Forecast XAG/USD for October 28, 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 48.65 would cancel the downward trend in Silver prices on October 28, 2025. This would indicate a breakout of the resistance area and continued growth above 50.65. Expect the XAG/USD price decline to accelerate 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 28, 2025 suggests an attempt to test the resistance area near 47.35. Subsequently, a continued decline is expected with a target below 44.35. A strong rally and a breakout of 48.65 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 50.65 is expected.
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