Silver XAG/USD quotes are ending the trading week within a bearish correction, with bulls managing to hold prices within an ascending channel. Moving averages indicate a bullish trend for the asset. Prices have broken above the signal lines, indicating upward 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 72.65 area. Further growth in the silver price is expected, with a potential target above the 105.75 level.
Silver Weekly Forecast XAGUSD February 16 – 20, 2026
A rebound from the support line on the relative strength indicator (RSI) will signal an upward trend in silver prices during the current trading week (February 16-20, 2026). A rebound from the lower boundary of the bullish channel will be a second signal. A decline and breakout of the 60.05 area will cancel out the upward trend in XAG/USD. This will indicate a breakout of the support area and a continued decline in silver prices with a target below 45.05. A breakout of the resistance level and a price close above 90.65 will confirm continued growth, signaling a breakout of the upper boundary of the Head and Shoulders reversal pattern on shorter timeframes.
Silver Weekly Forecast XAGUSD February 16 – 20, 2026 suggests an attempt to test the support level near 72.65. Subsequently, silver prices will continue to rise with a target above 105.75. A test of the trend line on the relative strength indicator (RSI) would support an upside move. A decline and a breakout of 60.05 would invalidate the XAG/USD rally. This would indicate a continued decline below 45.05.
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