Silver XAG/USD quotes are ending the trading week with a bearish correction within a bullish channel. Quotes have broken through the 36.80 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 35.25 area. Further, the price of silver will continue to grow with a potential target above the 44.45 level.
Silver Weekly Forecast XAG/USD August 4 — 8, 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 4-8, 2025. The second signal will be a rebound from the lower border of the bullish channel. A decline and breakout of the 32.35 area will negate 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 30.65. Confirmation of growth will be a breakout of the resistance level and a close above 41.95.
Silver Weekly Forecast XAG/USD August 4 — 8, 2025 suggests an attempt to test the support level near the 35.25 area. Then, the price of silver will continue to rise with a target above the 44.45 level. A test of the trend line on the relative strength indicator will support the rise. A fall and breakout of the 32.35 level will cancel the XAG/USD growth scenario. This will indicate a continuation of the decline in quotes to the area below the 30.65 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
