Silver XAG/USD quotes are ending the trading week with a bearish correction within the bullish channel. Quotes broke through the 38.31 mark. Moving averages indicate a bullish trend for the asset. Prices broke through the area between the signal lines upwards, indicating pressure from metal buyers and a potential continuation of growth from current levels. At the moment, we should expect an attempt to develop a correction in the asset’s value and a test of the support level near the 34.25 area. Further, the price of silver will continue to grow with a potential target above the 44.85 level.
Silver Weekly Forecast XAG/USD August 11 — 15, 2025
A rebound from the support line on the relative strength indicator will favor the growth of silver quotes and prices in the current trading week of August 11-15, 2025. The second signal will be a rebound from the lower border of the bullish channel. A fall and breakout of the 32.05 area will cancel the XAG/USD growth scenario. This will indicate a breakout of the support area and a continuation of the decline in silver prices with a target below the 28.65 level. Confirmation of growth will be a breakout of the resistance level and a close above 42.65, which will indicate a breakout of the upper border of the bullish channel, and this is a signal for growth to the width of the channel.
Silver Weekly Forecast XAG/USD August 11 — 15, 2025 suggests an attempt to test the support level near the 34.25 area. Then, the price of silver will continue to rise with a target above the 44.85 level. The test of the trend line on the relative strength indicator will support the rise. A fall and breakout of the 32.05 level will cancel the XAG/USD growth scenario. This will indicate a continuation of the decline in quotes to the area below the 28.65 level.
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