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Commodities

Silver Futures Soar Above VC PMI Mean as Cycle Targets $70 Resistance

Guavy AI Editorial Team
Instruments
Silver
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Silver futures have continued their bullish trend, surpassing the Daily VC PMI Mean at 65.12 and holding strong above the Daily Buy 1 level at 64.12.

The Variable Changing Price Momentum Indicator (VC PMI) has confirmed a positive momentum in the market, with price currently trading near 65.90.

The next upside objective is the Daily Sell 1 level at 67.05 and Daily Sell 2 at 68.17, which represent statistically extreme prices where the VC PMI identifies a 90% and 95% probability respectively that the market will revert back toward the mean.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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