Silver XAG/USD prices conclude the trading week with a correction within the “Triangle” model near the level of 33.11. Prices continue to move within the development of a lateral correction. Moving averages indicate the presence of a bearish trend for the asset. The prices are again testing the area between signal lines, which indicates pressure from metal buyers and potential continuation of growth already from current levels. Currently, it’s advisable to anticipate an attempt to develop a correction in the asset’s price value and test the support level near the area of 30.85. Further, silver price growth should continue with a potential target above the level of 39.85.
Silver Weekly Forecast XAG/USD June 2 — 6, 2025
In favor of the growth in silver quotation prices for the current trading week from June 2 to June 6, 2025, a rebound from the support line on the Relative Strength Index (RSI) indicator will play out. The second signal will be a bounce off the lower boundary of the “Triangle” model. Cancellation of the growth option for silver quotation prices XAG/USD would be the decline and penetration into the area of 28.15, indicating that it has exceeded support levels and that there is more depreciation in silver prices with a target below the level of 25.25. Confirmation of the development of growth will come when overcoming resistance levels and closing prices above the level of 35.65, which indicates penetration into the upper boundary of the “Triangle” model and the beginning of implementing patterns with targets upwards.
Silver Weekly Forecast XAGUSD June 2 — 6, 2025 anticipates a test of the support level near the area around 30.85. Then, continuation of silver price increase with a target above the level of 39.85. An upward movement will be supported by testing the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the XAG/USD rise option is when it drops and breaks through the level of 28.15, indicating continuation of price quotations decline to an area below the level of 25.25.
