Silver Futures Surge Past Key VC PMI Mean

Silver futures have continued their upward trend as they break above the Daily VC PMI Mean of 65.12, indicating positive momentum in the market.

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

From a cycle analysis perspective, silver is benefiting from its seasonal strength after the summer cycle low. The market is now entering the advancing phase of the 90-day cycle, while also progressing toward the next important 180-day harmonic window.