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Silver futures are currently trading around $41.94, consolidating above the daily pivot zone after retesting the $41.06 low earlier in the week. The market has stabilized inside the VC PMI structure, with short-term resistance at $41.88–$42.15 and weekly resistance at $42.37, forming a key supply cluster. If this zone is overcome, the market opens the path toward Weekly Sell 2 ($43.20), a significant upside objective.
Cycle Alignment: 30-Day
The 30-day cycle, often representing a short-term swing rhythm in silver, is currently in its mid-phase corrective window. The peak near $42.35 corresponds to a 30-day crest, with the market now retracing back into the mean reversion levels. If the cycle holds true, the consolidation should form a 30-day mid-cycle low near $41.00–$40.80, aligning with the Daily Buy 2 ($40.87) and Fibonacci 23.6% retracement support at $41.06. A recovery from this window could initiate the next 30-day upswing, potentially carrying silver back into the $42.50–$43.20 zone by late September.
Cycle Alignment: 360-Day
The 360-day cycle, a dominant annual rhythm in silver, is unfolding from the anchor of September 28, 2024, which marked a critical low in the broader cycle count. From that anchor, the 360-day top is projected into late August 2025, followed by a corrective phase into September 28, 2025, marking a major cyclical low. The present market, trading at $41–$42, is operating in the upward expansion phase leading into the annual crest.
Within this long cycle, the current 30-day phase acts as a fractal, showing how short-term corrections fit within the broader yearly rise. Each retracement into the $40.20–$39.70 demand zone aligns with the VC PMI Weekly Buy 2 ($39.74), reinforcing the idea that pullbacks during this phase are opportunities to accumulate within the broader bullish structure.
Square of 9 Confluence
Overlaying the Square of 9 spiral, the $41.88–$42.15 resistance cluster falls on a natural vibrational arc from the $39.62 anchor (50% retracement), reinforcing this as a short-term barrier. A decisive break through this arc projects toward $43.20–$43.66, harmonizing with the Weekly Sell 2 ($43.20) level. Conversely, the $40.26–$39.74 zone resonates with key Square of 9 angles tied to prior cycle lows, making this the critical time-price balance zone.
Outlook
Silver is in a cyclical transition. The short-term 30-day cycle is bottoming, providing an opportunity for bullish re-engagement if price holds above $41.00. Meanwhile, the 360-day cycle remains bullish until late August 2025, meaning pullbacks into VC PMI buy zones are counter-trend in nature and likely to resolve higher.
- Bullish breakout trigger: A sustained close above $42.37 opens the door to $43.20–$43.66.
- Downside risk zone: A failure to hold above $41.06 could extend toward $40.26–$39.74, where both cycles and Square of 9 geometry suggest strong accumulation.
Conclusion
In essence, silver futures are trading in harmony with the 30-day and 360-day cycle structures. The near-term (30-day) correction appears close to resolution, while the dominant annual (360-day) uptrend suggests that any pullback is a buying opportunity ahead of the next major advance into 2025.
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