Silver Market Turns Bullish Amid Key Support Level Challenge

The silver market has turned bullish, according to recent analysis. Silver futures have closed near $66.15, recovering from a low of $63.645 and challenging key support levels. The market has moved above Daily Buy 1 at $65.93 and the Weekly VC PMI mean near $65.10, shifting short-term momentum toward the bullish side.

The immediate decision point is the Daily VC PMI mean at $66.71. A sustained close above this level would activate the next upside objectives at Daily Sell 1 $67.77, Daily Sell 2 $68.55, and Weekly Sell 2 $68.88.

A rejection from $66.71, however, would put $65.93 back into play. Below that level, the next support is Daily Buy 2 at $64.87, followed by the weekly support structure at approximately $62.21 and $61.32.