Quotes XAG/USD continue to move within the development of growth and the formation of the “Triangle” model. At the time of publication of the forecast, Silver price is 32.96. 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 bearish correction of the metal price and a test of the support level near the area of 32.15. From where we should expect a rebound in the price upwards and a continuation of the Silver price growth with a target above the level of 34.85.
Silver Forecast XAGUSD for May 14, 2025
An additional signal in favor of the rise in quotations and prices of Silver XAG/USD will be a test of the support line on the relative strength indicator (RSI). The second signal in favor of growth will be a rebound from the lower boundary of the Triangle pattern. A fall and breakdown of 31.25 will cancel the Silver price growth option on May 14, 2025. This will indicate the breakdown of the support area and the continuation of the fall to the area below 29.85. We should expect XAG/USD quotes growth to accelerate with the breakdown of the resistance area above 33.45, which will indicate the breakdown of the upper boundary of the “Triangle” pattern and the beginning of the pattern realization with upward targets.
Silver Forecast XAGUSD for May 14, 2025 suggests an attempt to test the support area near the level of 32.15. Further, the continuation of quotes growth with a target above the level of 34.85. A fall and breakdown of the level 31.25 will cancel the option of Silver price rise. This will indicate a breakdown of the support area. In this case we should expect the Silver price to continue falling with the target at 29.85.
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