Silver XAG/USD quotes are ending the trading week with a bearish correction, but remain within the bullish channel. Moving averages indicate an upward trend for the asset. Prices are again testing the area between the signal lines, indicating growing pressure from metal buyers and potential continued growth 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 73.55 area. Further growth in the silver price is expected with a potential target above the 102.55 level as part of the weekly forecast.
Silver Weekly Forecast XAG/USD June 1 – 5, 2026
An additional signal favoring silver quotes and prices this trading week (June 1-5, 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 long-term bullish channel. A decline and a breakout of the 63.55 area will cancel out the upward trend in XAG/USD quotes this week. This will indicate a breakout of the support area and a continued decline in silver prices with a target below 55.05. A breakout of the resistance level and a price close above 91.05 will confirm further price growth, signaling a breakout of the upper boundary of the downward correction channel.
Silver Weekly Forecast XAG/USD June 1 – 5, 2026 suggests an attempt to decline quotes and test the support level near 73.55. Subsequently, continued silver price growth will be expected with a target above 102.55. A test of the trend line on the relative strength indicator (RSI) will be an additional signal in favor of an upside move. A decline and a breakout of 63.55 will cancel out the XAG/USD rally. This will indicate a continued decline below 55.05.
