Silver quotes (XAG/USD) ended the trading week with growth as part of the beginning of the “Triangle” model. The quotes exceeded the 36.00 mark. Moving averages indicate a bullish trend for the asset. Prices broke through the area between the signal lines upward, indicating pressure from metal buyers and the potential for continued growth from current levels. Currently, we should expect an attempt to correct the asset’s value and test the support level near the 34.45 area. The price of silver will then continue to grow, with a potential target above the 41.65 level.
Silver Weekly Forecast XAG/USD June 16 — 20, 2025
A rebound from the support line on the relative strength indicator favors growth in silver prices during the week of June 16-20, 2025. A rebound from the upper border of the “Triangle” pattern will be the second signal. A decline below the 29.85 level will negate the XAG/USD growth scenario. This would indicate a breakout of the support area and a continuation of the decline in silver prices, with a target below 27.35. A breakout above the resistance level and a close above 37.85 will confirm the growth scenario.
Silver Weekly Forecast XAGUSD June 16 — 20, 2025 suggests an attempt to test the support level near 34.45. Then, the price of silver will rise, targeting the 41.65 level and beyond. Testing the trend line on the relative strength indicator will support the rise. A fall below the 29.85 level will cancel the XAG/USD growth scenario. This would indicate a continuation of the decline in prices below the 27.35 level.
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