Silver Futures Hold Weekly Mean as VC PMI Suggests Higher Prices Ahead

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

The market is positioned neutrally-to-bullishly, with price below the Daily VC PMI Mean Price of 65.37.

According to the Variable Changing Price Momentum Indicator (VC PMI), the optimal accumulation zone for buyers is between $64.04 and $63.15, where they have a 90% probability of reversion back towards the Daily Mean.

The VC PMI algorithm also suggests that extensions into the $66.26-$67.59 range represent high-probability profit-taking levels.