Silver price forecast 2026 conversations are gaining traction as XAGUSD closed at 64.114 while holding firm support on its ascending trendline after an aggressive first push higher. This brea
Silver price forecast 2026 conversations are gaining traction as XAGUSD closed at 64.114 while holding firm support on its ascending trendline after an aggressive first push higher.
This breakdown is built purely from chart structure and public market data, not a personal trading position, so treat it as one way of reading the setup rather than a promise of what happens next.
Markets were closed for the weekend when this chart was captured, so the level below reflects where silver closed rather than a live quote.
Silver closed at 64.114 on the daily FXCM chart, with markets shut for the weekend as usual since silver trading pauses on Saturday and Sunday.
The most recent completed daily candle printed an open of 63.652, a high of 64.945, a low of 63.200, and a close of 64.114, up 0.73% on that session.
(Source: TradingView FXCM chart, Sep 26, 2026)
The latest silver news today comes from the COMEX warehouse side rather than a price headline. 
A COMEX silver depository report flagged that 480,974.7 ounces were received net by Asahi overnight, while 343,609.372 ounces were adjusted out of CNT registered stock.
That left total COMEX registered silver down 343,609.372 ounces to 96,282,969.457 ounces, even as total COMEX silver holdings overall rose 480,974.7 ounces to 332,581,299.489 ounces.
Depository flows like this matter for silver latest news because a shrinking registered category alongside rising total holdings can hint at tightening deliverable supply even when headline stockpiles look stable, a theme that keeps running alongside the broader Shanghai silver premium story playing out this year.
(Source: SilverTrade on X, Sep 26, 2026)
CMP: 64.114, closed level on the daily FXCM chart over the weekend
Trigger for bullish continuation: sustained close above 71.162
Trigger for deep pullback reversal zone: 60.919
Trigger for forecast invalidation: close below 54.598
Data timestamp: chart and depository data as of Sep 26, 2026
Risk note: a small pullback right now does not break the trendline; only a confirmed close below it does
Looking at the XAGUSD daily chart on FXCM, silver has been climbing since bottoming out earlier this year, and the structure supporting that climb is an ascending trendline that has already been tested twice with strong reactions both times.
The first retest of that trendline produced a genuinely aggressive push higher, the kind of reaction that usually tells you buyers were waiting patiently for a discount rather than chasing price.
What silver is doing right now is a small pullback after that push, which on its own is a normal digestion move rather than a warning sign, as long as the trendline itself keeps holding.
The key trigger level to watch on the upside is 71.162. A sustained close above that level would confirm silver has broken out of its recent consolidation and is ready to extend the broader uptrend.
Importantly, this forecast does not expect an instant runaway move even after that breakout; a brief pullback after clearing 71.162 would be a normal retest of the level as new support.
From there, the next resistance target is 78.717, and beyond that the major target sits at 89.194, a level that lines up with the top of the long-term projected move on the chart.
On the downside, if silver instead takes a deeper pullback, the trendline area near 60.919 becomes the level to watch for a potential reversal, since it sits close to where the trendline itself would be intersecting price and has previously acted as a support shelf.
A bounce from that zone would keep the broader bullish structure fully intact.
However, if silver breaks down further and closes below 54.598, that would represent a genuine failure of the trendline structure, and this entire bullish forecast would need to be scrapped in favor of a fresh read on the chart.
The momentum indicator on this chart has been sitting in a Bull reading for an extended stretch, which supports the idea that the broader trend still has underlying strength even through short pullbacks like the current one.
Level
Price
Distance from CMP
Major Resistance
89.194
+39.13%
Resistance 2
78.717
+22.78%
Resistance 1
71.162
+10.99%
CMP (closed)
64.114
—
Deep Pullback Zone
60.919
-4.98%
Invalidation Support
54.598
-14.84%
In the bull case, silver holds its trendline through the current pullback, then closes above 71.162 with enough conviction to work toward 78.717 and eventually 89.194.
Tightening COMEX registered inventories alongside rising total holdings adds a fundamental backdrop that fits this bullish framing.
The base case has silver taking a somewhat deeper pullback toward the 60.919 zone before finding buyers again, which would still keep the broader uptrend structure alive as long as that zone holds on a closing basis.
The bear case only activates on a close below 54.598. That would break the trendline structure decisively and would invalidate this particular bullish silver price forecast entirely, requiring a fresh technical read once that happens.
Stretching the silver price forecast out toward the end of the decade, the metal's trajectory will likely depend heavily on how supply tightness plays out between exchanges.
If COMEX registered stockpiles keep drawing down even as total holdings look steady, and if premiums in markets like Shanghai keep pulling physical metal away from Western vaults, silver has a reasonable case for meaningfully higher price ranges by 2030, though sharp corrections along the way should be expected rather than treated as a straight-line climb.
Precious metals can be highly sensitive to shifts in real yields and dollar strength, and a sudden macro repricing can override even a clean technical setup.
Weekend gaps are also worth watching closely since silver reopens for trading with limited liquidity right at the open, which can produce sharp initial moves before a level truly gets tested.
Ascending trendline: A rising line connecting a series of higher lows, used to track the strength of an ongoing uptrend.Registered silver: Silver held at COMEX approved depositories that is available for delivery against futures contracts.Trendline invalidation: When price closes beyond a trendline in a way that breaks the pattern it was forming.Reversal zone: A price area where a prior trend has previously turned, often watched for a potential bounce.
Disclaimer
This article is for informational purposes only and does not constitute financial advice. Precious metals markets are volatile, and readers should do their own research before making any investment decisions.
