XAG/USD quotes continue their movement within the context of growth development and a bull channel. At the time of writing, Silver price is 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 increase in value already from current levels. Currently, one should anticipate an attempt for the development of a bearish correction to the metal’s price, expecting a test around the support level close to the 33.05 region. From there, expect a price rebound upwards and continued growth in Silver prices with a target above the 34.45 level.
Silver Forecast XAG/USD for May 27, 2025
Additional signals in favor of silver prices and quotations’ rise will be the testing of the support line on the Relative Strength Index (RSI) indicator. A rebound from the lower border of the bullish channel will serve as a second signal for a drop. The cancellation of the price increase option for silver by May 27, 2025, would be characterized by a decline below 32.55, indicating penetration of the support area and continuation of the fall to the region below the level of 31.35. One should expect an acceleration in XAG/USD quotes’ rise once there’s penetration of the resistance zone above the level of 34.05.
Silver Forecast XAGUSD for May 27, 2025 anticipates a test of the support area near the level of 33.05. Then, continuation of the rise in quotes with a target above the level of 34.45. The reversal of the silver price increase option will be a drop and a breakthrough the level of 32.55. This will indicate a breach of the support area. In this case, we should expect the continuation of silver price decline to a level of 31.35.
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