Silver XAG/USD quotes are ending the trading week with a correction within the framework of the Triangle pattern realization. Quotes overcame the 36.89 mark. Moving averages indicate the presence of a bullish trend on the asset. Prices broke through the area between the signal lines upwards, which indicates pressure from the metal buyers and potential continuation of growth from the current levels. Now, we should expect an attempt to develop the correction of the asset value and a test of the support level near the 35.05 area. Further, the continuation of the Silver price growth with a potential target above the 43.05 level.
Silver Weekly Forecast XAG/USD July 7 — 11, 2025
A rebound from the support line on the relative strength indicator will be in favor of the Silver quotes and prices growth in the current trading week July 7 — 11, 2025. The second signal will be a rebound from the upper boundary of the Triangle pattern. A fall and breakdown of the 30.25 area will cancel the XAG/USD quotes growth option. This will indicate the breakdown of the support area and the continuation of the Silver price decline with the target below 27.75. The confirmation of the growth development will be the breakdown of the resistance level and closing prices above 38.25.
Silver Weekly Forecast XAG/USD July 7 — 11, 2025 suggests an attempt to test the support level near the 35.05 area. Then, Silver prices will continue to rise with a target above the 43.05 level. A test of the trend line on the relative strength indicator will be in favor of the rise. The XAG/USD growth option will be canceled by the fall and breakdown of the level of 30.25. This will indicate the continuation of the quotes decline to the area below the level of 27.75.
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