XAG/USD quotes continue to move within the correction and bullish channels. At the time of publication, the price of silver is 36.17. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines, indicating buyer pressure and the potential for continued growth from current levels. Currently, we can expect a bearish correction in the price of the metal and a test of the support level near the 35.35 area. Then, we should expect prices to rebound and continue rising with a target above the 38.15 level.
Silver Forecast XAG/USD for June 13, 2025
An additional signal favoring an increase in XAG/USD prices will be a test of the support line on the relative strength index (RSI). A decline will be indicated by a rebound from the lower border of the bullish channel. A decline below 34.35 cancels the possibility of an increase in silver prices on June 13, 2025. This would indicate a breakout of the support area and a continuation of the decline below 32.75. An acceleration in the rise of XAG/USD quotes can be expected with a breakout above the resistance area of 36.95.
Silver Forecast XAG/USD for June 13, 2025 suggests an attempt to test the support area near 35.35. Then, the quotes will continue to rise, targeting the 38.15 level. A decline below 34.35 will cancel the possibility of rising silver prices. This would indicate a breakout of the support area. In this case, we should expect the price of silver to continue declining with a target at the 32.75 level.
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