🟩 Weekly SILVER Forecast | Bears in Control? (26 - 30 OCT)
1 extracted signal · 0 resolved · 1 still active
Xtreme TraderIndependent analyst profile- Source published
- 24 Oct 2026, 14:42 UTC
- Recorded by Tahlil Plus
- 24 Oct 2026, 19:10 UTC
AI-generated source summary
The analysis focuses on Silver (XAGUSD), utilizing weekly and daily timeframes to identify a bearish trend. The price has broken a key support level at 84.6 and retested it as resistance. Further analysis on the daily chart reveals a descending channel formed by a resistance trendline and a support trendline. The asset has repeatedly respected the resistance trendline, indicating a strong bearish momentum. The current price is 55.5, with a target of 48.4. The analysis is invalidated if the price breaks above 56.0. The overall sentiment is bearish, with the expectation of further price depreciation within the identified channel.
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