Bulls Target 65.68 as Uptrend Continues – Rehana William |Financial Consultant _Forex_Gold Xauusd| Fund Manager
XAGUSD Silver Forecast: Buyers Stay in Control Above Trendline Support
Technical Summary– XAGUSD maintains a strong bullish structure after breaking above key resistance and continuing to trade above the ascending trendline. The recent rally has entered a consolidation phase just below the 64.62 resistance, indicating profit-taking rather than a change in trend. As long as price remains above the 63.60–63.80 support zone and the rising trendline, the overall bias stays positive, with the potential for a continuation toward 65.16 and 65.68.
Bullish Scenario–
- A sustained move above 64.62 could trigger the next upside leg toward 65.16, followed by 65.68.
- Holding above the 63.60–63.80 support zone would keep buyers in control.
- Continued higher highs and higher lows favor buying on dips while the trendline remains intact.
Bearish Scenario - Failure to hold above the rising trendline may lead to a corrective decline toward 63.04.
- A break below 63.04 could extend weakness to 61.51.
- If selling pressure accelerates below 61.51, the next major support is located near 59.87.
Key Levels
Resistance : 64.62 | 65.16 | 65.68
Support : 63.04 | 61.51 | 59.87
Market View– The short-term trend remains bullish, with buyers maintaining control after the breakout. A brief pullback toward support may provide fresh buying opportunities, while a decisive breakout above 64.62 could open the path toward the 65.16–65.68 resistance zone. Conversely, a breakdown below the trendline would signal a deeper corrective phase.
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