XAG/USD quotes continue their movement within the correction development and forming a “Triangle” pattern model. Now of publishing the forecast, Silver price stands at 33.32. Moving averages indicate an upward trend. Prices have breached the area between signal lines upwards, which indicates pressure from buyers and potential continuation of the rise in value already from current levels. Currently, expect the development of a bearish correction in the metal’s value and testing of the support level close to the 32.95 region. From where you can anticipate a price rebound upwards and continuing the Silver price increase to a higher target above the 34.75 level.
Silver Forecast XAG/USD for June 3, 2025
Additional indication of the price and Silver XAG/USD quotations rise is a test of the support line on the Relative Strength Index (RSI) indicator. A second signal for a decline comes from a bounce off the lower boundary of the ‘Triangle’ model. The termination of the June 3, 2025 price increase scenario for Silver would be its drop and breakthrough past 32.55. This will indicate crossing over support area and continuing fall to an area below level 30.75. To expect acceleration in XAG/USD quotations rise is with a break through the resistance region above level 33.75, which indicates crossing over the upper boundary of the ‘Triangle’ model and starting realization of the up-pattern with targets upwards.
Silver Forecast XAG/USD for June 3, 2025 anticipates a test of the support area close to the level of 32.95. Afterwards, continuation of price hikes towards an objective above the level of 34.75. The cancellation of the silver prices rise option would be a drop and breach through the level of 32.55. This will indicate that the support area has been breached. In this case, one should expect further silver price reduction to the level of 30.75.
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