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Silver futures (/SI) are trading near $43.80, up almost +2%, after rallying strongly from last week’s low of $41.48. Price has now entered a dense supply zone between $43.77–$44.27, defined by the VC PMI Daily and Weekly Sell 1 and 2 levels. This area represents the first significant resistance cluster since the breakout above the $42.62 mean. Momentum remains bullish, yet the technical map suggests a cycle-driven inflection point is approaching.
30-Day Gann Cycle
The 30-day Gann cycle, anchored from the Sept 18 low at $41.48, projects a short-term peak into Oct 17, 2025. The rally into $44.00–$44.27 reflects the “escape velocity” phase of this cycle, where momentum accelerates quickly into distribution levels. If the market sustains above $44.27, the next Fibonacci extension and cycle harmonic target is $44.67–$45.00. However, cycle theory suggests that as prices approach the Oct 17 window, the probability of a reversal grows, particularly if distribution aligns with broader long-term cycles.
360-Day Master Cycle
The 360-day master cycle low was recorded on Sept 28, 2024, setting the dominant pivot for the year. From this anchor, the next major turning point falls in the Sept 17–28, 2025 window, where a long-term corrective low is anticipated. Current price action, therefore, represents the distribution phase of the cycle, where rallies tend to exhaust rather than extend impulsively. If the 30-day cycle peak converges with the broader 360-day distribution phase, the market could stage a cycle inversion—a short-term high rolling into a long-term corrective low.
Square of 9 Harmonics
The Square of 9 spiral reinforces this convergence:
- $41.48 low projects harmonics at $44.67 (161.8%), $45.45 (180°), and $47.22 (225°).
- These levels align with VC PMI Sell zones, confirming resistance between $44.67–$45.45 as a high-probability reversal band.
- On the downside, supports cluster near $42.62 (mean) and $41.81–$41.28 (Buy 1/2).
Conclusion
Silver’s rally has entered a decisive zone. While the 30-day cycle points to upside potential into mid-October, the convergence with the 360-day distribution phase and Square of 9 harmonics warns of exhaustion near $44.67–$45.45. Unless price decisively breaks above $45.00, the path of least resistance remains a mean reversion toward $42.62–$41.80 in October.
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