Silver Futures Surge Past Key Resistance, Eyes $72.26-$74.98 Target

Silver futures have entered a renewed bullish momentum phase after recovering from its weekly low of $62.45, according to analysis by Investing.com South Africa.

The current price is above both the Weekly VC PMI mean at $67.35 and Daily VC PMI mean near $69.19, placing silver at an important breakout threshold.

VC PMI Analysis suggests that holding above $69.19 strengthens the probability of continuation toward Daily Sell 1 near $70.42, followed by Daily Sell 2 near $71.31.

Above these levels, the larger weekly targets become Weekly Sell 1 at $72.26 and Weekly Sell 2 at $74.98.