Silver Nears Crucial Resistance Levels as Recovery Gains Momentum

Silver prices have been recovering from their recent low of $63.88 but are still below key resistance levels.

The market is attempting to establish a short-term bottom after falling sharply from its high of $72.05.

For the recovery to be confirmed, silver must hold above both daily and weekly equilibrium levels.

The Daily VC PMI mean at $65.15 is currently acting as a primary short-term pivot point.