Gold rally may be losing steam but no major correction seen: DB
Silver futures continue to display a powerful convergence of cyclical, harmonic, and mean-reversion forces that suggest the market is entering the second acceleration phase of its October rally. Trading at $48.46, silver has rebounded more than $2.00 from the prior low at $46.55, confirming the 30-day cycle bottom projected for the early-October window. The reaction has been swift, and the current setup—supported by the VC PMI, Square-of-Nine harmonics, and extended cycle alignment—indicates potential for a sustained breakout toward $51–$52 in the coming week.
The 30-day cycle, represented on the chart by the first concentric harmonic ring, targets October 15–18 as the next swing high window. This zone aligns perfectly with the Weekly Sell 2 ($49.96) and Daily Sell 2 ($51.08) resistance cluster, forming a strong confluence of both time and price. Historically, such overlaps in silver’s cycle matrix often precede high-magnitude reversals or the start of a parabolic continuation when accompanied by tight backwardation between futures and spot—as currently observed.
Silver Futures 30–360 Day Cycle Line Chart above — it visualizes the current price movement relative to VC PMI pivot levels and the projected 30-day and 60-day cycle peaks.
The chart shows the mean reversion around $47.34 (VC PMI) with a rising structure toward $49–$51 as the next harmonic resistance window into October 15–18, then a secondary extension window around November 4–8.
The 60-day harmonic supports the idea of a secondary rally extension between November 4–8, suggesting that a mid-October peak could be followed by a shallow correction, then a resumption toward $52–$53.20. This pattern is also reinforced by the 90-day cycle, which carries the energy of the August low forward into a late-November time window, overlapping with the 360-day breakout phase that began in late September. The 360-day count now activates the larger bullish phase, projecting a broader price structure between $53–$55.60 as the outer resonance band before year-end.
From a Square-of-Nine perspective, the critical harmonic gates now align at $47.7, $49.5, $50.6, and $52.0. These correspond closely to VC PMI’s Buy and Sell levels, reinforcing their mathematical symmetry. The most sensitive pivot remains $47.34 (Weekly VC PMI) — the mean of equilibrium. As long as price remains above this pivot, the probability bias favors a retest of the upper square, i.e., the $51.08 level. The geometry of the Square-of-Nine spiral suggests that a confirmed breakout through $50.60 could trigger a rapid expansion phase, driven by momentum traders and short-covering flows.
Momentum indicators confirm this cyclical tension. The MACD, recovering from deeply negative readings, shows a bullish crossover forming. With price consolidating above $48 and volatility contracting, the probability of a continuation breakout is high. Traders should remain positioned long above $47.34, taking partial profits near $50–$51, while maintaining a core position into the mid-November 360-day harmonic window. This confluence of cycle symmetry, VC PMI equilibrium, and Square-of-Nine geometry defines one of the most technically significant junctures for silver in 2025—potentially the gateway to a long-awaited revaluation phase.
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