XAG/USD quotes continue to move within a downward trend and the formation of a “Head and Shoulders” reversal pattern. At the time of this forecast, the price of silver stands at 64.31. Moving averages indicate a bullish trend. Prices have broken downward through the area between the signal lines, signaling bearish pressure and a potential continuation of the price decline from current levels. For now, a bearish correction attempt is expected, testing the support level near 62.65. From there, an upward rebound and a resumption of silver’s price growth—targeting levels above 74.15—are anticipated.
Silver Forecast XAG/USD for September 28, 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). A second signal supporting an upward move would be a rebound from the lower boundary of the “Head and Shoulders” reversal pattern. The scenario of rising silver prices on September 28, 2026, would be invalidated if quotes fall and break below 61.45. This would indicate a breach of the support zone and a continued decline to levels below 55.65. An acceleration in XAG/USD growth should be expected upon a breakout of the resistance zone and price consolidation above 68.55, signaling a break of the upper boundary of the “Head and Shoulders” pattern.
Silver Forecast XAG/USD for September 28, 2026 anticipates an attempt to test the support zone near the 62.65 level. Next, a price rebound and continued growth for Silver are expected, targeting levels above 74.15. The bullish scenario would be invalidated if the asset’s price falls and breaks below the 61.45 level, signaling a breach of the support zone. In that case, a continued decline in Silver prices toward the 55.65 level would be expected.
