XAG/USD spot prices continue their movement within the framework of a strong growth and bull channel development. At the time of this forecast’s publication, Silver is priced at 33.13. Moving averages indicate an existing bearish trend. Prices broke through the area between signal lines upwards, indicating pressure from buyers and potential continuation of the price increase from current levels. Currently, one should anticipate a development of a descending corrective movement in metal value prices and testing the support level near the region of 32.95. From where we can expect an upward rebound in price and continuation of Silver’s price growth to a target above the 33.95 level.
Silver Forecast XAGUSD for May 22, 2025
Additional confirmation for the rise in quotes and silver prices XAG/USD will be a test of the support line on the Relative Strength Index (RSI). A second signal for decline would be a bounce off the upper boundary of the descending channel. The cancellation of the May 22, 2025 price increase option for silver will come with a fall below 32.65. This indicates突破of support area and continuation of the drop to an area below level 31.75. To expect acceleration in XAG/USD quotes rises should happen upon breaking the resistance zone above 34.05, indicating penetration of the upper boundary of the bullish channel, which is a signal for growth across the width of the channel.
Silver Forecast XAGUSD for May 22, 2025, assumes a test of the support area near the level of 32.95. Following this, continuation of the increase in quotes with an objective above the level of 33.95. The cancellation of the silver price rise option will be a drop and penetration of the level 32.65. This indicates a breach of the support area. In this case, it is advisable to expect the continuation of the silver price decrease with an objective at the level of 31.75.
