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Silver futures continue to trade in a well-defined mean reversion structure, with prices stabilizing at $48.14, up 0.25% for the session. The chart reveals a strong recovery from the recent low at $46.52, a level that coincided precisely with the Daily Buy 2 and Weekly Buy 2 VC PMI levels. This rebound underscores the precision of the VC PMI algorithm in identifying extreme zones of price deviation from the mean, confirming that the silver market is respecting its intrinsic price symmetry and probability structure.
The Fibonacci retracement grid overlays harmonically with the VC PMI framework. The 23.6% retracement anchored near $46.35 marked the reversal zone from which momentum reversed sharply upward. The 38.2% and 61.8% levels at $47.12 and $47.83 now form a mid-range equilibrium, while the 78.6% retracement at $48.47 aligns with Daily Sell 1 ($48.59)—a powerful confluence of resistance. A close above $48.60 would confirm the continuation of this short-term uptrend and target the next resistance cluster between $49.15 (Daily Sell 2) and $49.30, which corresponds to the 100% Fibonacci extension from the recent rally.
Momentum readings from the MACD support this interpretation. The indicator remains positive, signaling that bullish energy is still flowing through the market. However, the narrowing histogram suggests that price acceleration may be flattening, consistent with short-term exhaustion after a strong two-day rally. This flattening near resistance implies a potential for a minor pullback, possibly toward the Daily VC PMI pivot of $47.55, before the next wave of upward continuation develops.
From a cyclical perspective, silver’s behavior fits neatly within the ongoing 30-day and 60-day VC PMI time cycles. The 30-day cycle indicates a crest between November 10–12, followed by a likely reversion into mid-month. The broader 60-day cycle, aligned with Gann and Square of 9 harmonics, suggests that any retracement will be corrective, paving the way for the next impulsive phase higher into December. More importantly, the 360-day cycle low anchored on September 28, 2025, continues to validate the larger bullish framework targeting the $55–$60 range in 2026.
In summary, silver’s current posture is one of controlled bullish momentum within an orderly mean reversion pattern. The short-term resistance near $48.60 represents a decision zone. A breakout above it would initiate a continuation phase toward $49.30, while a failure to hold above $47.55 would signal temporary reversion before resuming the dominant bullish trend projected by the VC PMI and Square of 9 geometric model.
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TRADING DERIVATIVES, FINANCIAL INSTRUMENTS AND PRECIOUS METALS INVOLVES SIGNIFICANT RISK OF LOSS AND IS NOT SUITABLE FOR EVERYONE. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.