XAG/USD quotes continue to move within the correction and bullish channel. At the time of publication of the forecast, the price of silver is 35.88. Moving averages indicate an upward trend. Prices have broken through the area between the signal lines upwards, indicating pressure from buyers and a potential continuation of growth from current levels. Now, we should expect an attempt at a bearish correction in the metal’s price and a test of the support level near the 33.05 area. From there, we should expect a rebound in prices and a continuation of the rise in silver prices with a target above the 41.75 level.
Silver Weekly Forecast XAG/USD June 23 — 27, 2025
An additional signal in favor of a rise in XAG/USD silver quotes and prices will be a test of the support line on the relative strength index (RSI). The second signal in favor of a decline will be a rebound from the upper border of the “Triangle” pattern. A fall and breakout of 31. June 23 — 27, 2025 will cancel the option of a rise in silver prices. This will indicate a breakout of the support area and a continuation of the decline to below 29.45. An acceleration in the rise of XAG/USD quotes can be expected with a breakout of the resistance area above 37.65.
Silver Weekly Forecast XAG/USD June 23 — 27, 2025 suggests an attempt to test the support area near the 33.05 level. Further, the quotes will continue to rise with a target above the 41.75 level. A decline and breakout of the 31.75 level will negate the possibility of a rise in silver prices. This will indicate a breakout of the support area. In this case, we can expect a continued decline in the price of silver with a target of 29.45.
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