Silver (XAG/USD) quotes are ending the trading week with a decline, forming a “Wedge” reversal pattern. Moving averages indicate a bearish trend for the asset. Prices have broken below the area between the signal lines, pointing to mounting pressure from sellers and the potential for a continued decline from current levels. For now, we should expect an attempt to extend the bearish correction, with a test of the support level near 46.05. Subsequently, a recovery in the price of silver is anticipated, with a potential target above 80.15, according to the XAG/USD weekly forecast.
Silver Weekly Forecast XAGUSD November 16 – 20, 2026
An additional signal favoring a rise in silver prices during the trading week of November 16–20, 2026, would be a rebound from the support line on the Relative Strength Index (RSI). A second signal would be a rebound from the lower boundary of the bullish “Wedge” pattern. The scenario for a rise in XAG/USD quotes this week would be invalidated if the price falls and breaks below the 38.05 area. This would indicate a breakout below the lower boundary of the bullish channel, signaling a continued decline in silver prices toward a target below the 33.05 level. Conversely, a breakout above the upper boundary of the descending channel—with prices closing above 58.45—would confirm a bullish scenario; this would represent a breakout from the “Wedge” pattern, initiating a move toward higher price targets.
Silver Weekly Forecast XAGUSD November 16 – 20, 2026 suggests an initial attempt at a decline, with a test of the support level near the 46.05 area. This would be followed by a recovery in silver prices, targeting levels above 80.15. An additional bullish signal would be a test of the trend line on the Relative Strength Index (RSI). The bullish outlook for XAG/USD would be invalidated if the price falls and breaks below the 38.05 level, which would point to a further decline toward the area below 33.05.
