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fxJun 12, 2026, 5:36 AM

Silver Price Forecast: XAG/USD Could Rebound Toward $67.00 Amid Bullish Reversal Pattern

XAG/USD edged lower but is forming a falling wedge pattern on the daily chart, signaling a potential bullish reversal around the $67.00 level.

XAGUSD

Silver (XAG/USD) traded slightly lower during Asian hours on Friday, hovering near $67.00 per troy ounce after surging over 6% the previous day.

Technical analysis of the daily chart reveals a falling wedge pattern, which is typically interpreted as a bullish reversal formation. This suggests that the current pullback may be short-lived, with buyers potentially stepping in to drive prices back toward the $67.00 area or higher.

Traders are watching for a confirmed breakout above wedge resistance to validate the bullish outlook. The metal remains sensitive to shifts in the US dollar and Treasury yields.

Source: FXStreet Forex News