Silver Bulls Eye $70.71 on Strong Momentum

Silver prices are targeting $70.71 as momentum builds in the market, according to analysis by VC PMI. The metal has been on a strong rally since hitting its September low of $63.88, with prices consolidating slightly above the Daily VC PMI mean of $67.92.

The immediate upside objective is Weekly Sell 1 at $68.66, which represents an area where traders may reduce short-term long exposure or protect profits. A sustained breakout above this level would activate Daily Sell 1 at $69.70, with the next major resistance cluster being Weekly Sell 2 at $70.57 and Daily Sell 2 at $70.71.

The close alignment of these targets creates an important resistance zone between $70.57 and $70.71. On corrections, the Daily mean at $67.92 is the first pivotal support, with a close below it increasing the probability of a return to Daily Buy 1 at $66.85.