XAG/USD prices continue to move within the growth and bullish channel. At the time of publication of this forecast, the price of Silver is 65.80. Moving averages indicate a bearish trend. Prices have broken above the signal lines, indicating bullish pressure and potential continued price growth from current levels. Currently, we should expect an attempt to continue the decline in the metal and a test of support near 63.55. From there, we should expect an upward rebound and continued growth in Silver with a target above 71.75.
Silver Forecast XAGUSD for 20 August 2026
An additional signal supporting growth in Silver XAG/USD quotes and prices will be a test of the bullish trend on the relative strength indicator (RSI). A second signal supporting growth will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of 61.05 would invalidate the upward price scenario for Silver on August 20, 2026. This will indicate a breakout of the support area and a continued decline below 55.65. XAG/USD quotes should accelerate their growth with a breakout of the resistance area and consolidation below 67.55, which would indicate a breakout of the upper boundary of the downward correction channel.
Silver Forecast XAGUSD for 20 August 2026 suggests an attempt to test the support area near 63.55. Further upward rebounds are expected, with a target above 71.75. A decline in silver quotes and a breakout of 61.05 would cancel out the upward trend. This would indicate a breakout of the support area. In this case, a continued decline in silver prices is expected with a target of 55.65.
