Silver XAG/USD quotes are ending the trading week within a strong bearish correction and 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 80.45 area. Further growth in the silver price is then expected, with a potential target above the 145.05 level.
Silver Weekly Forecast XAGUSD February 2 – 6, 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 2 – 6, 2026). A rebound from the lower boundary of the bullish channel will be a second signal. A decline and breakout of the 75.05 area will cancel out the upward trend in XAG/USD prices. This will indicate a breakout of the support area and a continued decline in silver prices with a target below 65.65. A breakout of the resistance level and a price close above 120.65 will confirm continued growth.
Silver Weekly Forecast XAGUSD February 2 – 6, 2026 suggests an attempt to test the support level near 80.45. Then, continued growth in silver prices with a target above 145.05 will be supported by a test of the trendline on the RSI. The XAG/USD rally would be cancelled if it falls and breaks below 75.05. This would indicate a continued decline below 65.65.
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