XAG/USD spot prices continue their movement within the framework of growth development and a bull channel. At the moment of the forecast publication, silver price is at $33.09. 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, anticipate a development of the bearish correction in the metal’s price and testing the support level near the zone around 32.75. From where one should expect a price rebound upwards and continuation of the silver’s price rise with a target above the $35.55 level.
Silver Forecast XAG/USD for May 28, 2025
Additional indication in favor of the rise in quotes and silver prices on XAG/USD will be a test of the support line on the Relative Strength Index (RSI) indicator. A second signal for price drop is a bounce off the lower border of the bull channel. The elimination of the option for an increase in silver prices by May 28, 2025 would be a fall below 31.75. This will indicate that the support area has been broken and continuation of the decline to a region below the level of 30.25. Expect acceleration of XAG/USD quotes rise with penetration of the resistance area above the level of 33.85.
Silver Forecast XAG/USD for May 28, 2025 anticipates a test of the support area close to the level of 32.75. Subsequently, continuation of price rises towards aim over the level of 35.55. Cancellation of the silver price rise option will be a drop and break through the level of 31.75. This indicates a breach of the support area. In this case, one should expect continued silver price decline to the target at the level of 30.25.
