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Silver’s price action this week has been a textbook example of a market preparing for a decisive move as both time and price converge. After finding strong demand at Monday’s $37.515 low—just above the weekly Buy 1 ($37.24)—the market reversed higher, reclaiming the weekly VC PMI pivot ($38.06) and pushing through the daily Sell 2 ($38.44) barrier. This advance has shifted short-term momentum in favor of the bulls, setting the stage for a confrontation with the upper resistance cluster between $38.88 and $39.36.Silver Futures (SI) Chart" src="https://d1-invdn-com.investing.com/content/4e5c50c99964f7c701fe3c28c952d583.png" alt="Silver Futures (SI) Chart" width="" height="">From a Gann Time Cycle perspective, the immediate focus is the Aug 14–15 45° harmonic from the Aug 5–6 swing and the recent low. Historically, this window marks a high-probability turning point—either the ignition of a breakout or the trigger for a sharp pullback. Additional harmonics on Aug 19–20 (90°) and Aug 26–27 (135°) provide secondary checkpoints, with the Sep 3–5 (180°) window as the broader cycle decision point.
The Square-of-9 price map reinforces the importance of current levels. The 225° harmonic aligns with $38.44, already tested; 270° corresponds to the $38.88 prior high; 315° lands squarely at $39.36, matching the weekly Sell 1 target; and the full 360° rotation projects $39.73—also the 161.8% Fibonacci extension visible on the chart. A decisive push beyond $39.36 opens a clear path to $39.74 and the weekly Sell 2 at $40.18.
The broader 360-day cycle adds further context: we are entering the final 45° segment of the yearly rhythm into late August and early September. This phase historically resolves consolidations, and with silver positioned near key resistance, the outcome will likely set the tone for the next quarter.
Trading Implications
- A break and close above $39.36 during the Aug 14–15 window would be a strong continuation signal, targeting $39.74–$40.18.
- Failure to clear $38.88–$39.36 in this time frame could invite profit-taking and a retracement toward $37.87–$37.65, with $37.24 as a deeper support line.
- The MACD’s recent bullish cross supports the upside case, but a reversal in momentum into the time window would warrant defensive positioning.
Bottom Line: Silver is approaching a moment where price geometry and time cycles align, creating the conditions for a directional breakout. The Aug 14–15 window will be the litmus test—confirming either a run into the $40s or a fade back into mid-range support.
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