XAG/USD quotes continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the Silver price is 31.01. Moving averages indicate a bearish trend. Prices have broken through the area between the signal lines upwards, which indicates pressure from buyers and potential continued growth in price from current levels. At the moment, we should expect an attempt to develop a decline in the metal price and a test of the support level near the 30.25 area. From where we should expect an upward price rebound and continued growth in the price of Silver with a target above the level of 33.45.
Silver Forecast XAGUSD for April 11, 2025
An additional signal in favor of growth in quotes and prices for Silver XAG/USD will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of a decline will be a rebound from the lower border of the bullish channel. The cancellation of the option for growth in prices for Silver on April 11, 2025 will be a fall and a breakout of 29.55. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 26.45. We should expect an acceleration of the rise in XAG/USD quotes with a breakout of the resistance area above the level of 31.65.
Silver Forecast XAGUSD for April 11, 2025 suggests an attempt to test the support area near the level of 30.25. Further, the continuation of the growth of quotes with a target above the level of 33.45. The cancellation of the option of increasing prices for Silver will be a fall and a breakout of the level of 29.55. This will indicate a breakout of the support area. In this case, we should expect a continuation of the decline in the price of Silver with a target at the level of 26.45.
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