Silver Prices Ride Above Key Technical Level Amid Ongoing Market Volatility
Silver prices continue to trade above the Weekly VC PMI level of $65.77, which serves as an important reference point for market structure and potential price movement. This level is significant because it indicates that silver is currently overbought according to this technical indicator.
The daily resistance levels are positioned at $67.42 and $68.74, while weekly resistance is identified at $68.40 and $71.60. On the downside, daily support is located at $64.03 and $61.96, with weekly buy levels at $62.57 and $59.94.
The Square of 9 framework provides illustrative price projections from the reference price of $66.276. These projections extend from $67.27 through $75.35, representing nine incremental projection steps. The associated cycle dates extend from September 22 through November 16, 2026.