XAG/USD quotes continue to move within the growth development and bullish channel. At the time of publication of the forecast, Silver price is 36.51. Moving averages indicate the presence of an upward trend. Prices broke through the area between the signal lines upwards, which indicates pressure from buyers and potential continuation of the growth of the value already from the current levels. At the moment, we should expect an attempt to develop a bearish correction of the metal price and a test of the support level near the area of 36.15. From where we should expect the price to rebound upwards and continue the growth of the Silver price with the target above the level of 38.45.
Silver Forecast XAG/USD for June 11, 2025
An additional signal in favor of a rise in Silver XAG/USD quotes and prices will be a test of the support line on the Relative Strength Indicator (RSI). The second signal in favor of the fall will be a rebound from the lower border of the bullish channel. A fall and breakdown of 35.35 will cancel the variant of Silver prices growth on June 11, 2025. This will indicate the breakdown of the support area and the continuation of the fall to the area below the level of 33.25. Expect the acceleration of the XAG/USD quotes rise with the breakdown of the resistance area above the level of 37.25.
Silver Forecast XAG/USD for June 11, 2025 suggests an attempt to test the support area near the level of 36.15. Further, the continuation of quotes growth with a target above the level of 38.45. A fall and breakdown of the level 35.35 will cancel the option of Silver prices rise. This will indicate the breakdown of the support area. In this case, we should expect the Silver price to continue falling with the target at 33.25.
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