Gold has topped $4,200. Here’s why Yardeni thinks the rally could go even higher.
A geometric forecast mapping Silver’s ascent through $49.90–$50.25 toward long-term harmonic targets of $55–$60 into early 2026.
Silver futures continue to demonstrate the rhythmic geometry of price and time that defines the essence of mean reversion trading. As of this writing, December Silver (SI) is trading near $47.515, quietly balancing at the VC PMI daily mean of $47.52—a precise equilibrium between demand and supply. The current price action encapsulates a moment of dynamic neutrality, where the market consolidates energy before its next harmonic expansion.
From a Gann 30-day cycle perspective, the market is in the final days of its accumulation phase, following a minor low at $46.70 recorded on October 9, 2025. This aligns with the 30-day cycle that began on September 28, projecting a short-term apex between October 18–22, when the harmonic vibration is due to complete its upward swing. Historically, this phase transition triggers sharp rallies as silver exits compression zones into vertical acceleration. The Square of 9 harmonics confirm this, revealing resonance levels at $49.90–$50.25, marking the next time-price confluence where geometry and momentum align.
The linear projection chart above for Silver Futures (SI) through the end of October 2025, showing expected price oscillation within the VC PMI mean reversion bands.
You can clearly see the cyclical structure aligning with the 30-day Gann cycle, as price tests the Buy Zones ($45.86–$46.43) early in the month and trends toward Sell Zones ($48.35–$49.44) by mid-to-late October—mirroring the harmonic rise projected into the October 18–22 cycle window.
The 90-day Gann sub-cycle reinforces this bullish rhythm. The base formed in August near $43.50–$44.00 represents the first harmonic node of a rising quarterly structure, now oscillating toward its median resistance around $50.00–$52.00. This mid-cycle advance has developed under gradually rising volume, and with MACD (14, 3, 3) showing a bullish divergence from the zero line, accumulation is evident beneath the surface.
Beyond the short-term horizon, the 360-day Gann macrocycle that began with the December 2024 low suggests we are now in the powerful mid-expansion leg of a full annual vibration. The harmonic symmetry projects a continuation into December 2025–January 2026, targeting $55–$60—a zone that aligns with both Square-of-9 harmonic resistance arcs and the Fibonacci 161.8% extension from the 2024–2025 base.
From a mean reversion standpoint, the nested VC PMI levels paint a clear technical map: Daily Buy 1 at $46.43 and Weekly Buy 1 at $45.98 form the strategic accumulation band, while Daily Sell 1 at $48.35 and Sell 2 at $49.44 represent the short-term distribution levels. A sustained close above $49.44 would trigger an upside reversion to $51.23–$52.50, consistent with both the Gann and Square-of-9 projections.
In essence, silver stands on the threshold of harmonic acceleration—a convergence of time, price, and probability. The synchronization of the 30-day cycle crest, weekly VC PMI reversion, and 360-day expansion phase suggests the next movement may not be incremental but exponential. A decisive breakout through $50 could ignite the long-awaited parabolic leg of the precious metals bull cycle, carrying silver toward the $55–$60 macro targets into early 2026.
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.