Silver XAG/USD quotes are ending the trading week with a decline. Moving averages indicate an upward trend for the asset. Prices have broken below the signal lines, indicating growing selling pressure on the metal and potential further decline from current levels. Currently, we should expect an attempt to continue the bearish correction in the asset’s price and a test of the support level near the 52.35 area. Further growth in the silver price is then expected with a potential target above the 80.45 level, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAG/USD August 3 – 7, 2026
An additional signal favoring an increase in silver quotes and prices this trading week (August 3-7, 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 bullish channel. A decline and a breakout of the 45.05 area will cancel out the upward scenario for XAG/USD quotes this 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 36.55. A breakout of the upper boundary of the descending channel and a price close above 62.55 will confirm the upward scenario, indicating a breakout of the upper boundary of the descending correction channel.
Silver Weekly Forecast XAG/USD August 3 – 7, 2026 suggests an attempt to decline quotes and test the support level near 52.35. Then, silver prices will continue to rise with a target above 80.45. 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 break of 45.05 will cancel out the upward trend in XAG/USD quotes. This will indicate a continued decline below 36.55.
