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 56.05 area. Further growth in the silver price is then expected with a potential target above the 80.05 level, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAG/USD July 27 – 31, 2026
An additional signal favoring an increase in silver quotes and prices this trading week (July 27-31, 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 53.25 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 38.65. A breakout of the upper boundary of the descending channel and a price close above 69.05 will confirm the upward scenario, indicating a breakout of the upper boundary of the descending correction channel.
Silver Weekly Forecast XAG/USD July 27 – 31, 2026 suggests an attempt to decline quotes and test the support level near 56.05. Silver prices will then continue to rise with a target above 80.05. 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 53.25 in XAG/USD quotes would invalidate the upward trend. This would indicate a continued decline below 38.65.
