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, with a test of the support level near 47.55. Subsequently, the forecast for the week suggests a potential rebound in the price of Silver, targeting levels above 80.55.
Silver Weekly Forecast XAGUSD October 26 – 30, 2026
An additional signal favoring a rise in Silver prices during the current trading week (October 26–30, 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 “Wedge” reversal pattern. The bullish scenario for XAG/USD this week would be invalidated if the price falls and breaks below the 42.05 level. This would indicate a breakout below the lower boundary of the bullish channel and a continued decline in silver prices, with a target below the 35.05 level. A scenario favoring a price increase would be confirmed by a breakout above the upper boundary of the descending channel and a price close above 67.05; this would signal a breakout from the “Wedge” pattern, initiating a move toward higher targets.
Silver Weekly Forecast XAGUSD October 26 – 30, 2026 suggests an attempt at a decline, with a test of the support level near the 47.55 area. This would be followed by a resumption of the rise in silver prices, targeting levels above 80.55. 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 42.05 level, which would point to a continued decline toward the area below 35.05.
