Silver XAG/USD quotes are ending the trading week with strong growth as part of a Wedge reversal pattern. Moving averages indicate an upward trend for the asset. Prices have broken above the signal lines, indicating growing pressure from metal buyers and potential continued growth from current levels. Currently, we should expect an attempt to continue the bearish correction in the asset price and a test of the support level near the 61.55 area. Further growth in the silver price is expected with a potential target above the 90.05 level, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAG/USD August 17 – 21, 2026
An additional signal favoring an increase in Silver quotes and prices this trading week (August 17-21, 2026) will be a rebound from the support line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the Wedge reversal pattern. A decline and breakout of the 50.05 area will cancel out the upward trend in XAG/USD quotes this trading week. This will indicate a breakout of the lower boundary of the bullish channel and a continued decline in Silver prices with a target below 40.55. A breakout of the upper boundary of the Wedge reversal pattern and a price close above 66.85 will confirm the upward trend, indicating a breakout of the upper boundary of the pattern and the realization of the pattern with targets above.
Silver Weekly Forecast XAGUSD August 17 – 21, 2026 suggests an attempt to lower prices and test support near 61.55. Subsequently, silver prices are expected to continue rising with a target above 90.05. A test of the trendline on the relative strength indicator (RSI) will serve as an additional signal for an upside move. A decline and a breakout of 50.05 would invalidate the upward trend for XAG/USD. This would indicate a continued decline below 40.55.
