Commodities
Silver Nears $69.58 Breakout Target Amidst Cycle Window
Silver prices are hovering near $69.17, $69.30, maintaining a constructive recovery structure after rebounding from the lower $60s.
The Daily VC PMI identifies $68.94 as an equilibrium level, and holding above it shifts the short-term probability toward a breakout and close above $69.58.
A confirmed breakout would expose Daily Sell 2 at $70.58, followed by the larger Weekly Sell 1 objective at $72.26.
The market is entering the late-August cycle window, with August 24-28 serving as an important short-term decision period.