Commodities
Silver Futures Soar Above VC PMI Mean as Momentum Remains Positive
Silver futures have surged above the Daily VC PMI Mean of 65.12, maintaining a bullish outlook in the market.
Buyers regained control after successfully holding above the Daily Buy 1 level at $64.12 and not challenging the Daily Buy 2 level at $62.07.
The price is currently trading near $65.90, indicating that momentum remains positive.
The next upside objective is the Daily Sell 1 level at $67.05, followed by Daily Sell 2 at $68.17.
On the weekly timeframe, Silver remains constructive, with a Weekly VC PMI Mean of 61.91 and Weekly Sell 1 at $67.08 representing the first major resistance.