Silver Prices Eye Turning Point as VC PMI Indicator Points to Bullish Trend
Silver prices continue to correct after reaching an intraday high of $61.27, just below the weekly VC PMI Sell 1 level at $61.51.
The market has declined toward the daily Buy 1 level at $56.79, with current prices trading near $57.70.
According to the VC PMI, the market remains in a neutral-to-bullish longer-term structure as long as price holds above Daily Buy 1 ($56.79).