Silver Traders Eye Critical Breakout Zone Near $62

Silver futures are trading near $61.71 as they consolidate around critical levels of daily and weekly VC PMI.

The Daily Buy 1 zone is at $61.92, while the Daily Buy 2 area is at $61.15, making the $61-$62 region a crucial short-term decision point for silver traders.

According to analysts, a recovery above the daily mean of $62.62 would shift momentum towards sell targets at $63.04 and $63.74.

The weekly structure provides broader support, with weekly Sell 1 at $59.84, while major statistical support appears at Weekly Buy 1 $56.31 and Weekly Buy 2 $54.82.