Silver Futures Eye Next Upside Objective as VC PMI Indicates High Probability of Success

Silver futures continue to trade in a constructive technical structure after last week's recovery from the $59.62 swing low, currently trading near $65.16.

The market is slightly below the Daily VC PMI Mean Price of $65.37, placing price in a neutral-to-bullish position while awaiting confirmation from momentum.

According to the current VC PMI levels, buyers stepping into the optimal accumulation zone between $64.04 and $63.15 have approximately a 90% probability of a reversion back toward the Daily Mean.