Commodities
Silver Prices Plummet Below Key Resistance Level
Silver prices took a sharp turn downward on Friday, closing at $67.10 after reaching an intraday high of $72.05 and plummeting to approximately $66.83.
The reversal pushed silver decisively below the VC PMI mean at $68.89, shifting the immediate momentum structure bearish and placing the lower VC PMI targets into focus.
The $68.89 mean is now the principal equilibrium and resistance level, with a penetration of this level neutralizing immediate downside pressure and reopening Sell 1 at $70.95.
However, if silver remains below the mean, the short-term bias favors testing Buy 1 at $65.73, which could expose Buy 2 at $63.67, the deeper 95% probability reversion zone under the VC PMI framework.