futures continue to stabilize after completing a sharp corrective decline from the June 22 high of 65.31 to the June 24 low of 55.75. The market has since recovered toward the Weekly VC PMI Mean at 60.71, with prices currently trading near 60.33, placing the market just below equilibrium. This recovery confirms that buyers continue to accumulate positions at statistically discounted levels while the market transitions from correction into consolidation.
According to the VC PMI, the Daily Mean Price is 58.79. Daily support is identified at Buy 1: 57.67 and Buy 2: 56.72, while resistance is located at Sell 1: 59.75 and Sell 2: 60.88. Silver is now testing the Daily Sell 2 level, indicating that the market has entered the extreme area where long positions should begin taking partial profits and traders should wait for confirmation before initiating new positions.
On the weekly timeframe, the primary pivot remains 60.71. A sustained close above this level would confirm renewed bullish momentum and open the door for a move toward Weekly Sell 1 at 65.73, followed by Weekly Sell 2 at 72.25. These represent statistically extreme targets where the probability favors profit-taking rather than initiating new long positions.
Should prices fail to hold above the weekly mean, the market could retrace toward Weekly Buy 1 at 54.20, where the VC PMI identifies another high-probability accumulation zone. Only a weekly close below that level would increase the probability of testing Weekly Buy 2 near 49.19.
Cycle analysis continues to support the longer-term bullish outlook. Silver remains within an important 180-day cycle window, while the larger 270-day seasonal cycle, 360-day annual cycle, and the powerful 9-year cycle continue converging into the second half of 2026. This harmonic alignment historically marks periods where major trend reversals develop before extended advances.Using W.D. Gann’s Square of 9, the June correction appears consistent with a normal geometric retracement within an ongoing secular bull market. As long as prices remain above the major cycle support zone, the larger bullish structure remains intact. A decisive close above 60.88 would strengthen the probability that the recent low at 55.75 completed the correction and that the next advance toward the weekly resistance objectives has begun.
Momentum indicators are also improving. The MACD has crossed back above its signal line while price continues forming higher lows, suggesting that buying pressure is gradually returning after the recent liquidation phase.
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Disclosure: The VC PMI (Variable Changing Price Momentum Indicator) is a quantitative mean-reversion methodology that identifies statistically significant price levels where probabilities favor reversals toward equilibrium. Trading futures, options, ETFs, and leveraged instruments involves substantial risk and is not suitable for all investors. Market analysis based on VC PMI, Gann Square of 9, cycle analysis, and other technical methodologies represents probabilistic models rather than guarantees of future performance. Always employ prudent risk management and consult a licensed financial advisor before making investment
