Silver (XAG/USD) quotes are ending the trading week with a correction, marking the beginning of a “Wedge” reversal pattern. Moving averages indicate an uptrend for the asset. Prices have broken upward through the area between the signal lines, indicating growing buying pressure and the potential for continued growth from current levels. In the immediate term, an attempt to extend the bearish correction and a test of the support level near 58.25 are expected. Subsequently, the forecast anticipates a resumption of Silver’s price growth, targeting levels above 91.55 during the week.
Silver Weekly Forecast XAGUSD September 28 – October 3, 2026
An additional signal favoring a rise in silver prices during the trading week of September 28 – October 3, 2026, is a rebound from the support line on the Relative Strength Index (RSI). A second signal will be a rebound from the upper boundary of the “Wedge” reversal pattern. The bullish scenario for XAG/USD would be invalidated by a drop and a breakout below the 54.05 area. This would indicate a break of the bullish channel’s lower boundary and a continued decline in silver prices toward a target below the 44.05 level. Confirmation of the price growth scenario would come from a breakout above the descending channel’s upper boundary and a close above the 71.05 level.
Silver Weekly Forecast XAGUSD September 28 – October 3, 2026 anticipates an attempt to lower prices and test the support level near the 58.25 area, followed by a resumption of the rise in silver prices toward a target above 91.55. An additional signal supporting the rise is a test of the trend line on the RSI indicator. The bullish scenario would be invalidated by a drop and a breakout below the 54.05 level, indicating a continued decline toward the area below 44.05.
