Silver Futures Surge Above VC PMI Mean, Eyeing $70 Resistance
Silver futures have been on a tear lately, confirming a bullish outlook generated by the Variable Changing Price Momentum Indicator (VC PMI).
After successfully holding above the Daily Buy 1 level at $64.12 and never challenging the Daily Buy 2 level at $62.07, buyers regained control of the market.
The price is currently trading near $65.90, comfortably above the Daily VC PMI Mean of $65.12, indicating that momentum remains positive.