Silver XAG/USD quotes are ending the trading week with a correction, but remain within the ascending channel. Moving averages indicate a bullish trend for the asset. Prices have broken above the signal lines, indicating upward 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 80.50 area. Further growth in the silver price is expected, with a potential target above the 105.65 level.
Silver Weekly Forecast XAG/USD March 16 – 20, 2026
A rebound from the support line on the relative strength indicator (RSI) will signal an upward trend in silver prices during the current trading week (March 16-20, 2026). A rebound from the lower boundary of the bullish channel will be a second signal. A decline and breakout of the 65.05 area will cancel out the upward trend in XAG/USD. 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 92.05 will confirm further growth, signaling a breakout of the upper boundary of the Double Bottom reversal pattern and the beginning of the pattern’s implementation with targets above.
Silver Weekly Forecast XAG/USD March 16 – 20, 2026 suggests an attempt to test the support level near the 80.50 area. Then, silver prices will continue to rise with a target above 105.65. A test of the trendline on the relative strength indicator (RSI) will support the upside. A decline and a break of 65.05 will cancel out the XAG/USD rally. This will indicate a continued decline below 55.05.
