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Silver futures continued their bullish advance early Monday, trading at $49.83, up 3.50% for the session. The market rallied to a high of $50.12, reaching into a critical resistance band defined by the Weekly Sell 1 ($49.15) and Weekly Sell 2 ($50.15) levels of the VC PMI structure. This area also aligns with the 61.8%–78.6% Fibonacci retracement zone, suggesting that the rally is entering an overbought condition where mean reversion could develop.
The Variable Changing Price Momentum Indicator (VC PMI) defines the current equilibrium for the week at $48.22, with support at Weekly Buy 1 ($46.82) and Buy 2 ($45.51). On the daily time frame, the VC PMI pivot is $48.22, with Buy 1 ($47.70) and Buy 2 ($47.27) below, and Sell 1 ($48.65) and Sell 2 ($49.17) above. The market’s current position above both the daily and weekly Sell zones confirms that bullish momentum remains dominant, but also warns of exhaustion as traders begin to take profits near the psychological $50 level.
Momentum indicators confirm this setup. The MACD (14,3,3) remains positive, reflecting sustained upward energy, yet the histogram shows signs of flattening. This divergence may signal the beginning of short-term profit-taking after a powerful three-day rally that lifted prices from the $46.50–$47.00 base established last week. The underlying volume pattern has also contracted slightly, supporting the probability of a brief consolidation phase before the next breakout attempt.
From a cyclical perspective, the rally that began in early November corresponds with the 30-day minor cycle within the broader 60- and 90-day rhythm projected from the September 28, 2025, cycle low. The time window into November 16–18 represents a probable turning point where silver could complete a short-term top before entering a corrective phase into late November. If price sustains above $50.15, it will confirm the next acceleration phase toward $52.00, which coincides with the 78.6% Fibonacci retracement level and the next projected harmonic resistance.
The trading strategy favors a partial profit-taking approach within the $49.15–$50.15 range and reaccumulation on pullbacks toward the $47.50–$48.00 support zone. A confirmed close below $47.20 would neutralize the short-term bullish bias, while a daily close above $50.15 could open the path toward $52.00–$52.50.
In summary, Silver remains in a powerful uptrend, but the market is entering a critical inflection zone where volatility and mean reversion are likely to emerge before the next leg higher unfolds.
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Disclosure: This report is for educational purposes only and does not constitute financial advice. Trading futures involves substantial risk and is not suitable for all investors.