XAG/USD quotes continue to move within the framework of strong growth and a bullish channel. At the time of publication of the forecast, the price of silver is 39.15. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers and a potential continuation of growth from current levels. At the moment, we can expect an attempt to develop a decline in the price of the metal and a test of the support level near the 38.45 area. From there, we can expect a rebound in prices and a continuation of the rise in silver prices with a target above the 40.75 level.
Silver Forecast XAGUSD for July 23, 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) indicator. The second signal in favor of an increase will be a rebound from the lower border of the bullish channel. A fall and breakout of 37.85 will cancel the option of growth in silver prices on July 23, 2025. This will indicate a breakout of the support area and a continuation of the fall to the area below the level of 35.65. An acceleration in the growth of XAG/USD quotes should be expected with a breakout of the resistance area above the level of 39.55.
Silver Forecast XAGUSD for July 23, 2025 suggests an attempt to test the support area near the level of 38.45. Further, the quotes will continue to grow with a target above the 40.75 level. A fall and breakout of the 37.85 level will cancel the option of a rise in silver prices. 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 35.65 level.
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