Silver XAG/USD quotes are ending the trading week higher, rising after rebounding from a local support level. 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 price and a test of the support level near the 56.25 area. Further growth in the silver price is expected, with a potential target above the 89.55 level, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAG/USD July 6 – 10, 2026
An additional signal favoring an increase in silver quotes and prices during the current trading week (July 6-10, 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 52.05 area will cancel out the upward trend in 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 35.55. A breakout of the upper boundary of the descending channel and a price close above 69.05 will confirm the upward trend.
Silver Weekly Forecast XAG/USD July 6 – 10, 2026 suggests an attempt to decline quotes and test support near 56.25. Then, continued silver price growth with a target above 89.55. A test of the trendline on the relative strength indicator (RSI) will be an additional signal in favor of an upside move. A decline and a breakout of 52.05 in XAG/USD quotes would invalidate the upward trend. This would indicate a continued decline below 35.55.
