Silver XAG/USD quotes are ending the trading week with a strong rally as part of a Wedge reversal pattern. 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 expect an attempt to continue the bearish correction in the asset’s price and a test of the support level near 58.55. Further growth in the silver price is expected, with a potential target above 90.25, as part of the XAG/USD forecast for the week.
Silver Weekly Forecast XAGUSD August 31 – September 4, 2026
An additional signal favoring an increase in silver quotes and prices during the current trading week (August 31 – September 4, 2026) will be a rebound from the support line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the Wedge reversal pattern. A decline and breakout of the 54.05 area would cancel the upward trend in XAG/USD quotes this trading week. This would indicate a breakout of the lower boundary of the bullish channel and a continued decline in silver prices with a target below 40.55. A breakout of the upper boundary of the Wedge reversal pattern and a price close above 68.75 would confirm the development of the upward trend, indicating a breakout of the upper boundary of the pattern and the realization of the pattern with targets above.
Silver Weekly Forecast XAGUSD August 31 – September 4, 2026 suggests an attempt to decline quotes and test support near the 58.55 area. Subsequently, continued silver price growth with a target above 90.25 would be expected. An additional signal in favor of an upside move would be a test of the trendline on the relative strength indicator. A decline and breakout of the 54.05 area would cancel the upward trend in XAG/USD quotes. This indicates a continued decline in prices below 40.55.
