Quotes XAG/USD continue to move within the framework of the development of the fall and the beginning of the realization of the “Triangle” model. At the time of publication of the forecast, Silver price is 32.26. Moving averages indicate the presence of a bullish trend. Prices broke through the area between the signal lines downward, which indicates the pressure from the sellers and the potential continuation of the decline in value already from the current levels. At the moment, we should expect an attempt to develop a bullish correction of the metal price and a test of the resistance level near the 32.35 area. From where we should expect the price to rebound downward and the Silver price to continue falling with the target below the 31.25 level.
Silver forecast XAGUSD for May 13, 2025
An additional signal in favor of falling quotes and prices for Silver XAG/USD will be a test of the resistance line on the relative strength indicator (RSI). The second signal in favor of the decline will be a rebound from the lower boundary of the Triangle pattern. A strong growth and breakdown of 33.15 will cancel the option of Silver price decline on May 13, 2025. It will indicate the breakdown of the resistance area and continuation of growth to the area above 34.35. Expect the acceleration of XAG/USD quotes decline with the breakdown of the support area under the level of 31.55.
Silver forecast XAGUSD for May 13, 2025 suggests an attempt to test the resistance area near the level of 32.35. Further, the continuation of the decline in quotes with a target below the level of 31.25. A strong growth and breakdown of 33.15 level will cancel the Silver price decline option. This will indicate a breakdown of the resistance area . In this case we should expect the Silver price to continue rising with the target at 34.35.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
