XAG/USD quotes continue to move within the framework of growth development and a descending channel. At the time of this forecast’s publication, the Silver price is USD 32.34. Moving averages indicate an upward trend. Prices broke through the area between the signal lines upwards, indicating buyer pressure and the potential continuation of price growth from current levels. Currently, an attempt to develop a bullish correction in the metal’s price and a test of the resistance level near the USD 32.85 area are expected. From there, a downward price rebound and continued decline in Silver prices with a target below the USD 30.35 level are anticipated.
Silver Forecast XAGUSD for February 26, 2025
An additional signal in favor of a decline in Silver XAG/USD quotes will be a test of the resistance line on the Relative Strength Index (RSI). The second signal supporting the decline will be a rebound from the upper boundary of the descending channel. The cancellation of the decline scenario for Silver on February 26, 2025, will be a strong rise and a breakout of the USD 33.65 level. This will indicate a breakout of the resistance area and continued growth into the area above the USD 35.75 level. The acceleration of the XAG/USD quotes’ decline is expected with a breakout of the lower boundary of the bullish channel and price consolidation below the USD 31.15 level, indicating a breakdown of the lower boundary of the bullish correction channel.
Silver Forecast XAGUSD for February 26, 2025 suggests an attempt to test the resistance area near the USD 32.85 level. Then, a continued decline in quotes with a target below the USD 30.35 level. The cancellation of the decline scenario for Silver prices will be a strong rise and a breakout of the USD 33.65 level. This will indicate a breakout of the resistance area. In this case, continued growth in Silver prices with a target at the USD 35.75 level is expected.
