Silver finished the trading week with growth within an ascending channel. Moving averages indicate the presence of a bullish trend in XAG/USD. The price broke above the area between the signal lines, which indicates buying pressure and a potential continuation of growth from current levels. At the beginning of the week, a bearish correction is expected with a test of support near the 83.45 level. After that, growth is likely to continue with a potential target above 117.45.
Silver Weekly Forecast XAG/USD March 2 – 6, 2026
A signal in favor of growth will be a rebound from the support line on the RSI indicator. The second signal will be a rebound from the lower boundary of the ascending channel. The bullish scenario will be canceled by a decline and a breakout below 75.05. This would indicate a breakout of support and a continuation of the decline with a target below 65.55. Confirmation of further growth will come from a breakout of resistance and a close above 86.55. This would indicate a breakout of the upper boundary of the ascending channel and open the potential for growth equal to the channel’s width.
Silver Weekly Forecast XAG/USD March 2 – 6, 2026 suggests a test of support at 83.45, followed by continued growth toward levels above 117.45. A breakout below 75.05 would cancel the bullish scenario and indicate a decline toward levels below 65.55.
