futures are trading at 69.79, consolidating near the Daily VC PMI Mean at 69.81 after recovering sharply from last week’s cycle low of 61.59. The market continues to validate the Variable Changing Price Momentum Indicator (VC PMI) methodology as prices reverted from the Weekly Buy 1 accumulation zone at 63.32 and rallied back toward equilibrium.
The current Daily VC PMI structure identifies resistance at Daily Sell 1: 71.48 and Daily Sell 2: 72.77. Above these levels, the Weekly Sell 1 target at 70.90 and Weekly Sell 2 target at 73.83 become the dominant upside objectives. Support remains at Daily Buy 1: 68.81 and Daily Buy 2: 67.43, while the Weekly VC PMI Mean at 66.25 continues to define the longer-term bullish trend.
The recent low at 61.59 coincided with an important cycle window and generated a significant mean reversion signal. Since that low, silver has advanced more than 13%, confirming that buyers remain active on corrections. The market is now approaching a critical decision point near the Daily Sell 1 area. A sustained close above 71.48 would activate the higher probability target at 72.77, while a breakout above Weekly Sell 2 at 73.83 would confirm the continuation of the larger secular bull market.Cycle Dates
Using the VC PMI cycle model, traders should monitor the following periods:June 15-17: Short-term decision cycle.
June 20-23: Confirmation cycle window.
June 27-30: End-of-month acceleration period.
July 3-7: Major cycle inflection date.
The alignment of these cycle windows with current technical levels suggests that volatility may expand as the market approaches resistance.Square of 9 AnalysisThe Square of 9 calculations continue to identify the 72-74 zone as a major geometric resistance cluster. A close above this area opens the path toward the next harmonic targets near 76.00 and 79.00. Conversely, failure at resistance could trigger a retracement toward the Weekly Mean at 66.25, where value buyers are expected to re-enter.
Momentum indicators remain positive, and the bullish structure remains intact as long as silver holds above 67.43. The larger trend continues to favor accumulation on corrections rather than selling rallies.
Disclosure: The VC PMI is a proprietary mean-reversion indicator designed to identify levels where there is a 90% to 95% probability that prices will revert back toward the mean. The methodology combines price, volatility, market sentiment, cycle analysis, and geometric relationships including Square of 9 calculations. All market analysis is for educational purposes only and does not constitute investment advice. Futures and options trading involve substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. Always consult with a qualified financial professional before making investment decisions.
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