Silver XAG/USD quotes are ending the trading week higher after rebounding from key support, with prices remaining 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’s price and a test of the support level near the 77.55 area. Further growth in silver is expected, with a potential target above the 112.65 level.
Silver Weekly Forecast XAGUSD February 23 – 27, 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 23-27, 2026). A rebound from the lower boundary of the bullish channel will be a second signal. A decline and breakout of the 64.55 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 55.05. 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 23 – 27, 2026 suggests an attempt to test the support level near 77.55. Subsequently, silver prices will continue to rise with a target above 112.65. A test of the trend line on the relative strength indicator (RSI) would support an upside move. A decline and a break of 64.55 would invalidate the XAG/USD rally. This would indicate a continued decline below 55.05.
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