Durable Goods (Jun F) -9.4% vs 9.3% Prior, Ex-Trans 0.2% vs 0.2%
Following a strong start to the week, Silver Futures exhibited a textbook technical reversal that aligns with multiple layers of cyclical and quantitative analysis.
As projected by our time cycle overlays, the market reversed sharply midweek.
From this technical foundation, Silver has staged a meaningful recovery.
The Gann Time Cycle now projects the next major pivot to occur on Monday, August 4.
Following a strong start to the week, Silver Futures exhibited a textbook technical reversal that aligns with multiple layers of cyclical and quantitative analysis. The market initially rallied to a high of $38.51, encountering heavy resistance just below the Weekly Sell 1 zone identified by the VC PMI at $38.20. This level also coincided with a 45-degree Gann angle, suggesting an exhaustion point in the short-term advance.
As projected by our time cycle overlays, the market reversed sharply midweek, falling to a low of $36.28—precisely within the Weekly Buy 2 zone ($35.01–$35.97) and aligning with a 180-degree Gann time pivot. This inflection confirmed a temporary bottom, reinforced by a spike in volume and a bullish crossover in the MACD indicator.
From this technical foundation, Silver has staged a meaningful recovery, reclaiming the Daily VC PMI of $36.96 and currently trading just above $37.10. This price action signals a reversion toward the mean and initiates a potential move toward upper resistance zones.
The Gann Time Cycle now projects the next major pivot to occur on Monday, August 4. This date falls within a 90-degree recovery window from the recent low, offering a potential continuation trigger toward a 180-degree price extension near $38.05, and possibly the 270-degree target at $38.92. These projections are geometrically reinforced by the Square of 9 model, using $36.28 as the base vibration level.
Strategically, the market structure remains bullish above $36.96, with short-term targets at $37.52 and $38.05. A breakout beyond $38.20 would open the door for a test of the Weekly Sell 2 zone at $39.47. Conversely, a failure to hold above $36.68–$36.12 would neutralize the current bullish setup and suggest renewed downside risk.
In summary, the alignment of the VC PMI with Gann Time Cycles and Square of 9 projections provides a statistically grounded framework for positioning in Silver Futures. With strong technical confirmation and defined risk levels, the current environment presents a favorable landscape for disciplined long-side engagement, particularly as we approach the next cyclical pivot window.
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