Street Calls of the Week
Market Context & Current Structure
Silver futures are trading at $37.455, down -1.51%, continuing their retracement from the August 7th high of $38.78. The rejection at this high aligned closely with the Daily Sell 2 ($38.58) level, creating a confluence of resistance where sellers regained control.
From a short-term mean reversion perspective, price has fallen below both the Daily VC PMI ($38.07) and the Weekly VC PMI ($38.09) — two critical equilibrium pivots that now function as overhead resistance. The market is pressing into the Daily Buy 2 ($37.56) zone and has momentum toward Weekly Buy 1 ($37.24).
This alignment suggests silver is in a corrective phase within a broader cycle, with time and price harmonics signaling a potential inflection point as we approach late August into September.
VC PMI Daily & Weekly Alignment
- Weekly VC PMI: $38.09 → Neutral balance level; price below = bearish bias.
- Daily VC PMI: $38.07 → Failure to hold confirms intraday selling pressure.
- Daily Buy 1 ($37.79) & Buy 2 ($37.56): Price is testing these zones. A reversal here would mark a mean reversion opportunity.
- Weekly Buy 1 ($37.24): Critical structural support. A close below exposes deeper downside.
Interpretation: The $37.56–$37.24 zone represents a high-probability support band where silver could pivot if buyers step back in.
Gann 360-Day Cycle Progression
The major cycle anchor remains September 28, 2024, a pivotal low from which silver launched its current yearly cycle. Using Gann’s 360-day cycle divisions:
- 90° (Quarter Cycle) – Late Dec 2024: Silver bottomed and rallied.
- 180° (Half Cycle) – Late Mar 2025: A mid-cycle high formed, followed by corrective action.
- 270° (Three-Quarter Cycle) – Late Jun 2025: Silver found a low and launched into the current advance.
- 360° (Full Cycle Completion) – Sep 28, 2025: Projected cycle low completion.
Key Insight: The August 7th high at $38.78 aligns with the final pre-cycle top window (Aug 21–28), where Gann’s time–price harmonics cluster. From this high, the market has entered the final downward phase into the September 28 cycle low.
This means that while short-term bounces are possible, the dominant cycle pressure remains down into late September — making rallies toward $38.07–$38.30 potential selling opportunities unless price closes above the Weekly VC PMI.
Square of 9 & Price Geometry
On the Square of 9 spiral, the August high at $38.78 aligns near a 90° resistance rotation from the September 2024 anchor. Current downside targets at $37.56 and $37.24 sit on harmonic support levels, with $36.90 as the next geometric extension if broken.
This reinforces that the 37.24 pivot is not just a VC PMI level, but also a time–price confluence zone.
Trading Strategy & Probability Outlook
- Bullish Scenario: A reversal from $37.56–$37.24 could spark a mean reversion rally back to equilibrium at $38.07–$38.30. Probability = 65% if support holds.
- Bearish Scenario: A decisive break and close below $37.24 opens the path to $36.90–$36.50 into the September 28 cycle low. Probability = 70% if momentum accelerates.
Forward-Looking Outlook:
- Expect continued bearish drift into late August.
- Watch for the final capitulation into the September 28, 2025 cycle low, after which silver may launch a powerful new 360-day cycle advance.
Summary
Silver is in the final descent of the 360-day cycle that began on September 28, 2024. The August 7th high at $38.78 marked the last pre-cycle top, and price is now targeting the $37.56–$37.24 support band. While mean reversion rallies are likely from this zone, the dominant cycle suggests weakness persists until late September. Traders should prepare for a final low near Sep 28, 2025, which could set the stage for a major bullish reversal into Q4 2025 and beyond.
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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.