Silver Futures Poised for Breakout as VC PMI Identifies Favorable Demand Zones
Silver futures are poised for a breakout according to recent data from the Variable Changing Price Momentum Indicator (VC PMI) methodology. The market has recovered from its reversal low near $56.87 and is currently trading around $59.32, slightly above the Weekly VC PMI Mean Price of $58.97.
The Daily Buy 1 level at $57.57 and Daily Buy 2 at $56.12 successfully identified statistically favorable demand zones, representing areas where probability favors a return toward the mean approximately 90% of the time at Buy 1 and 95% of the time at Buy 2, provided market conditions remain normal.
The current objective is the Daily Sell 1 level at $60.02, followed by Daily Sell 2 at $61.02. On the weekly timeframe, resistance increases at Weekly Sell 1 ($61.53). Should silver close decisively above Weekly Sell 1, the probability increases that the market is entering another hyperbolic expansion phase.
From a Square of 9 perspective, the decline into this week's low completed an important rotational phase that aligns with a seasonal time window. The recent recovery suggests that price is responding to both geometric support and cyclical timing.