Silver Futures Eye Breakout Targets Above $68.69

Silver futures are currently trading near $67.37 after a highly volatile reversal from the recent high of $72.05 to $65.83. This sharp decline brought prices back toward the VC PMI's lower value zone, where buyers have begun to stabilize the market.

The Daily VC PMI mean at $66.97 is the immediate equilibrium level, and with /SI currently trading above this mean, the short-term bias has shifted to cautiously bullish. The first upside objective is Daily Sell 1 at $68.11, followed by Daily Sell 2 at $69.32.

Above that zone, the Weekly VC PMI mean at $68.69 becomes an important confirmation level. A sustained breakout would expose Weekly Sell 1 at $70.95, followed by Weekly Sell 2 at $74.11.