Silver Eyes Breakout at $71.29 Amid Consolidation

Silver futures are consolidating near equilibrium after a powerful recovery from $62.45 to $70.08, according to a recent analysis by Investing.com South Africa.

The Daily VC PMI at $68.69 is the immediate pivot, and holding above this level maintains the upside probability toward $71.29. A confirmed breakout above $71.29 would expose the larger weekly objectives at Weekly Sell 1 $72.26 and Weekly Sell 2 $74.98.

The analysis suggests that buying corrections rather than chasing strength is a preferred strategy, particularly while silver holds above the weekly mean. The recovery from $62.45 into $70.08 represents an approximately 12% expansion, followed by consolidation.