Commodities
Silver Consolidates Near $64 Amid Critical Support-Resistance Cluster
Silver futures are trading near $64.03, just above the daily VC PMI mean of $63.98, following a decline from its swing high at $68.98 and Monday's test of $62.80.
The market is consolidating inside a critical support-and-resistance cluster, which could lead to increased volatility once price leaves this range.
The primary downside levels are the Daily Buy 1 at $62.96, Weekly Buy 1 at $62.57, and Daily Buy 2 near $61.90.
A successful test and close back above $63.98 would activate mean-reversion objectives at Daily Sell 1, $65.15, followed by Daily Sell 2, $66.17.