Silver Prices Plunge Below Key Resistance as Hawkish Rates Bite

Silver prices suffered a sharp reversal on Friday, ending the day at around $67.10 after reaching an intraday high of $72.05 and plummeting to approximately $66.83.

This sudden decline pushed the price decisively below the VC PMI mean at $68.89, shifting the immediate momentum structure bearish and placing the lower VC PMI targets in focus.

According to VC PMI analysis, the $68.89 mean is now the principal equilibrium and resistance level, and as long as silver remains below it, the short-term bias favors testing Buy 1 at $65.73.

A penetration of Buy 1 would expose Buy 2 at $63.67, the deeper 95% probability reversion zone under the VC PMI framework.