Silver (XAG/USD) quotes are ending the trading week with a correction, forming part of a “Wedge” reversal pattern. Moving averages indicate an overall uptrend for the asset. Prices have broken downward through the area between the signal lines, signaling increased pressure from sellers and the potential for a continued decline from current levels. In the near term, a further bearish correction is expected, with a test of the support level near 57.85. Subsequently, the price of Silver is projected to resume its rise, with a potential target above 80.65, according to the XAG/USD weekly forecast.
Silver Weekly Forecast XAG/USD October 19 – 23, 2026
An additional signal supporting a rise in Silver prices during the trading week of October 19–23, 2026, would be a rebound from the support line on the Relative Strength Index (RSI). A second supporting signal would be a rebound from the lower boundary of the “Wedge” reversal pattern. A decline and a breakout below the 52.05 area would invalidate the bullish scenario for XAG/USD this trading week. This would signal a breach of the lower boundary of the bullish channel and a continued decline in silver prices, with a target below the 45.45 level. Conversely, a breakout above the upper boundary of the descending channel—with prices closing above 67.05—would confirm the bullish outlook; this would indicate a breakout from the “Wedge” pattern, triggering its upward price targets.
Silver Weekly Forecast XAG/USD October 19 – 23, 2026 suggests an initial attempt at a decline, testing the support level near 57.85. This would be followed by a resumption of the rise in silver prices, targeting levels above 80.65. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting an upward move. A decline and a breakout below 52.05 would invalidate this bullish scenario, pointing instead to a continued drop toward levels below 45.45.
