Silver XAG/USD quotations conclude the trading week with growth within a “Triangle” model near the level of 33.23. Quotations continue movement within the development of a sideways correction. Moving averages indicate the presence of a bearish trend for the asset. Prices are once again testing the area between signal lines, which indicates pressure from metal buyers and potential continuation of growth already from current levels. Currently, it is expected to anticipate an attempt at developing a price correction and testing the support level in the vicinity of the zone 30.95. Further, silver price continuation with a potential target above the level of 39.65 should be anticipated.
Silver Weekly Forecast XAG/USD May 26 — 30, 2025
In favor of the rise in quotations and prices for Silver on the current trading week of May 26 — 30, 2025, a rebound off the support line on the Relative Strength Index (RSI) will occur. A second signal will be a bounce off the lower boundary of the “Triangle” model. Cancellation of the XAG/USD quotations rise option will be a downfall and breakthrough of the area at 28.25. This will indicate a breakthrough support zone and continued fall in Silver prices to a target below the level at 25.05. Confirmation for development of the growth will be a breakout over the resistance level with closing prices above the level at 35.65, this will indicate a breakthrough of the upper boundary of the “Triangle” model and beginning realization of the pattern upwards.
Silver Weekly Forecast XAG/USD May 26 — 30, 2025 suggests an attempt to test the support level near the zone of 30.95. Then, continuation of silver price rise aiming at levels above 39.65. An upsurge will be supported by testing the trend line on the Relative Strength Index (RSI) indicator. The variant of XAG/USD rising will be cancelled out by a drop and breaking through the level of 28.25. This would indicate continuation of price quotes’ decline to an area below the level of 25.05.
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