Silver XAG/USD quotes are ending the trading week with a sharp decline, with bears seeking to test and consolidate below key support at 57.55. 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 bullish correction in the asset price and a test of the resistance level near the 77.80 area. Further decline in the silver price is then expected, with a potential target below 42.55, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAG/USD June 8 – 12, 2026
An additional signal favoring a decline in silver quotes and prices during the current trading week (June 8-12, 2026) will be a rebound from the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A strong rally and a breakout of the 78.55 area will cancel out the downward trend in XAG/USD quotes this week. This will indicate a breakout of the upper boundary of the descending correction channel and continued silver price growth with a target above 85.65. A breakout of the support level and a price close below 65.05 will confirm further price declines.
Silver Weekly Forecast XAG/USD June 8 – 12, 2026 suggests an attempt to rise and test resistance near 77.80. Subsequently, a continued decline in silver prices with a target below 42.55. A test of the trendline on the relative strength indicator (RSI) will be an additional signal of a decline. A strong rally and a breakout of 78.55 would cancel out the downward trend in XAG/USD quotes. This would indicate a continued rise above 85.65.
