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, one should anticipate an attempt to extend the bearish correction, testing the support level near 46.25. Subsequently, a recovery in the price of Silver is expected, with a potential target above 75.45, according to the XAG/USD weekly forecast.
Silver Weekly Forecast XAGUSD November 9 – 13, 2026
An additional signal favoring an increase in Silver prices during the trading week of November 9–13, 2026, is a rebound from the support line on the Relative Strength Index (RSI). A second signal is a rebound from the lower boundary of the bullish “Wedge” pattern. The bullish scenario for XAG/USD this week would be invalidated by a decline and a breakout below the 38.55 level. 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 51.85—would confirm a bullish scenario; this would represent a breakout above the upper boundary of a “Wolfe Wave” pattern, triggering the pattern’s upward-facing targets.
Silver Weekly Forecast XAGUSD November 9 – 13, 2026 suggests an initial attempt at a decline, with a test of the support level near the 46.25 area. This would be followed by a resumption of the rise in silver prices, targeting levels above 75.45. An additional signal supporting an upward move would be a test of the trend line on the Relative Strength Index (RSI) indicator. The bullish scenario for XAG/USD would be invalidated if the price falls and breaks below the 38.55 level, which would point to a continued decline toward the area below 33.05.
