Silver Price Hovers Near Critical Pivot, VC PMI Suggests Reversion
Silver futures are trading near $58.40, slightly below the daily Variable Changing Price Momentum Indicator (VC PMI) mean of $59.18.
The VC PMI continues to identify statistically significant price levels where probabilities favor mean reversion rather than trend continuation.
The current daily VC PMI levels include a mean of $59.18, sell 1 at $59.93, sell 2 at $61.15, buy 1 at $57.96, and buy 2 at $57.21.