U.S. futures steady; Trump-Xi phone call expected - what’s moving markets
Silver futures are consolidating at $41.89, slipping below both daily and weekly pivot levels, and setting up for a key mean-reversion inflection. The chart highlights a recent high at $43.435 and a low at $41.33, with price currently trading in the middle of this short-term range.
From a VC PMI perspective, the daily pivot sits at $42.19 with resistance at $42.92 and $43.65, and support levels at $41.44 and $40.73. Weekly pivots align closely, with the VC PMI mean at $42.71, sell zones extending into $43.55–$44.27, and buy levels stretching to $40.64–$39.74. This dual confirmation of clustered resistance above and support below creates a tactical battlefield where mean-reversion traders can exploit volatility.
Overlaying Gann’s 30-day cycle, silver is entering a short-term cyclical window where reversals often occur. With September 18 marking a pivot within this cycle, the probability increases for counter-trend moves, especially given oversold intraday readings. The 360-day cycle, a dominant Gann framework, situates this period within a longer accumulation phase. Historically, these points often precede sharp breakouts or trend reversals, amplifying the relevance of the $40.73–$39.74 zone as a potential long-term base.
The Square of 9 harmonics further validate these levels. Rotational degrees from the $39.66 low project resonance near $42.92 and $43.65 — the same daily sell zones identified by the VC PMI. This synchronicity of mathematical vibration and probabilistic pivot levels enhances the credibility of both resistance and support targets.
Momentum indicators, particularly the MACD, remain subdued near the zero line, consistent with market indecision. While this suggests fading short-term momentum, it also sets the stage for a surge once price finds equilibrium. Traders watching the reversion play should be prepared for sharp volatility spikes around these harmonic levels.
In summary, silver remains in a bearish to neutral posture below its $42.19 daily pivot, but the convergence of the 30-day cycle low window and 360-day accumulation structure points to elevated probability of a reversion higher. A hold of $40.73–$39.74 could establish a foundation for a rally back toward $42.92–$43.65, while a break below would expose the market to deeper retracements. The roadmap remains clear: embrace volatility, respect the cycles, and allow the harmonics to dictate entries and exits.
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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.