Commodities
Silver Breaks Through Key Resistance, Eyes $70 Target
Silver prices have surged to a significant high of $69.10, breaking through the Weekly Sell 2 level at $68.88 and entering a bullish breakout phase.
The VC PMI analysis indicates that Silver's ability to remain above its mean price of $67.84 maintains a bullish momentum bias, with potential for further acceleration if it clears the Weekly Sell 2 level.
Fundamentals are broadly supportive, with recent weakness in the dollar and changes in Treasury yields supporting precious metals.