Commodities
Silver Reaches Critical Zone Before Potential Breakout
Silver futures have ended the week trading near $58.49, just below the Daily VC PMI Mean Price of $58.51.
The current market is in a neutral-to-bullish accumulation phase, according to the Variable Changing Price Momentum Indicator (VC PMI) methodology.
The Daily VC PMI levels are currently at $59.68 for Sell 1 and $60.78 for Sell 2, while the Weekly VC PMI levels are at $61.53 for Sell 1 and $64.16 for Sell 2.
The market remains within a consolidation phase following the recent July rally, with cycle structure suggesting potential turning points on July 28-30, August 8-10, August 24-27, and late September.