Silver Breaks Above Key Levels as Cycle Window Opens

Silver futures have recovered sharply from Monday's low of $56.705 to reach approximately $65.48 on Friday, placing it above both the Weekly VC PMI mean at $61.90 and the Daily VC PMI mean near $63.47.

The short-term structure has shifted back towards bullish territory, with key daily support levels at $61.45 (Daily Buy 1) and $59.41 (Daily Buy 2).

On the upside, Daily Sell 1 is approximately $65.51, followed by Daily Sell 2 at $67.53, while Weekly Sell 1 is at $67.08 and Weekly Sell 2 at $70.67.

The August advance should be viewed within a larger 90-, 180-, 270- and 360-day cycle framework, with the next important cycle window in mid-to-late August.