Silver XAG/USD quotes are ending the trading week with gains within a bullish channel. Moving averages indicate an upward trend for the asset. Prices have broken above 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 bearish correction in the asset price and a test of the support level near the 75.25 area. Further growth in the silver price is expected with a potential target above the 105.05 level as part of the weekly forecast.
Silver Weekly Forecast XAG/USD May 11 – 15, 2026
An additional signal favoring silver quotes and prices this trading week (May 11-15, 2026) will be a rebound from the support line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the long-term bullish channel. A decline and breakout of the 64.05 area will cancel out the upward trend in XAG/USD quotes this trading week. 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 83.55 will confirm further price growth, signaling a breakout of the upper boundary of the Head and Shoulders reversal pattern and the beginning of the pattern’s implementation with targets above.
Silver Weekly Forecast XAG/USD May 11 – 15, 2026 suggests an attempt to lower prices and test support near 75.25. Subsequently, silver prices are expected to continue rising with a target above 105.05. A test of the trendline on the relative strength indicator (RSI) will serve as an additional signal for an upside move. A decline and a breakout of 64.05 will cancel out the XAG/USD upside. This will indicate a continued decline below 55.05.
