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Commodities

Silver Bulls Gain Ground Above VC PMI Means

Guavy AI Editorial Team
Instruments
Silver
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Silver futures saw significant gains in the last five trading days, rising from a low of $56.705 on Monday to close near $63.73 on Friday.

This increase pushed silver above both the Weekly VC PMI mean at $61.90 and the Daily VC PMI mean near $63.47, shifting the short-term structure back in favor of bullish territory.

The next important resistance levels for silver are Daily Sell 1 at approximately $65.51, followed by Daily Sell 2 at $67.53, with Weekly Sell 1 at $67.08 and Weekly Sell 2 at $70.67 serving as further barriers to growth.

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