Silver (XAG/USD) quotes are ending the trading week with a correction as part of the formation of a “Wedge” reversal pattern. Moving averages indicate an upward trend for the asset. Prices have broken downward through the area between the signal lines, indicating growing pressure from sellers and a potential continued decline from current levels. For now, an attempt to extend the bearish correction and a test of the support level near 57.15 are expected. Subsequently, a rise in Silver prices is anticipated, with a potential target above the 80.85 level within the scope of the weekly XAG/USD forecast.
Silver Weekly Forecast XAGUSD October 12 – 16, 2026
An additional signal favoring a rise in Silver quotes during the trading week of October 12–16, 2026, is a rebound from the support line on the Relative Strength Index (RSI). A second signal will be a rebound from the lower boundary of the “Wedge” reversal pattern. The bullish scenario for XAG/USD this trading week would be invalidated by a drop and a breakout below the 53.45 area. This would signal a break of the bullish channel’s lower boundary and a continued decline in silver prices toward a target below the 45.65 level. Confirmation of the bullish scenario would come from a breakout above the bearish channel’s upper boundary and a close above 67.05; this would indicate a breakout from the “Wedge” pattern and the start of an upward move toward higher targets.
Silver Weekly Forecast XAGUSD October 12 – 16, 2026 anticipates an attempt to decline and test the support level near 57.15, followed by a resumption of the rise in silver prices toward a target above 80.85. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting an upward move. The bullish scenario would be invalidated by a drop and a breakout below the 53.45 level, signaling a continued decline toward the area below 45.65.
