Silver Prices Rebound, Technical Analysis Points to Bullish Trend

Silver prices have recovered from their recent low of $67.385 and are now trading near $70.00, maintaining a bullish short-term structure according to technical analysis.

The Daily VC PMI mean is at $69.70, which is the primary equilibrium level for silver prices. Trading above this mean maintains the immediate bullish bias.

The broader weekly structure is also constructive, with the Weekly VC PMI mean at $67.35 remaining major support. Corrections should be viewed as potential buying opportunities rather than confirmation of a bearish trend as long as silver remains above the $67.35 weekly mean.