S&P 500 slips on cautious trading ahead of key Fed meeting
Silver futures are trading near $58.78, holding inside a well-defined VC PMI compression zone where daily and weekly cycles are converging. Price has rebounded sharply from the weekly buy-side exhaustion low at $56.85, confirming demand at Weekly Buy 2 ($56.45) and Daily Buy 2 ($56.18). This rally unfolded directly into the 30–60 day cycle window, a period where silver historically transitions from reactive bounces into trend-definition moves.
The Weekly VC PMI ($59.47) remains the dominant magnet overhead. Repeated failures just below the $59.90–$60.00 area (recent high noted at $59.9) indicate structural supply layered between the Daily Sell ($59.99) and Daily Sell 2 ($61.34). These levels are reinforced by Weekly Sell 1 at $61.21, making the $60–61 zone a critical decision point going into the next cycle rotation.
Short-term momentum (15-minute chart) shows price walking the rising VC PMI trend channel, suggesting controlled accumulation rather than exhaustion. However, the inverted MACD (14,3,3 exponential) remains flat and close to zero, signaling compression rather than expansion. This is typical behavior late in a 90-day sub-cycle, when silver coils before either breaking through value resistance or reverting sharply back to mean.
If price fails to reclaim $59.47 on a closing basis, the cycle favors a mean-reversion test back toward Daily Buy ($57.61), with a deeper pullback potentially revisiting $57.661–$56.45 during the next 30-day cycle turn. Conversely, a sustained hold above $59.47, followed by acceptance above $60, opens a measured move into $61.20–$61.35, aligning with Weekly Sell 1 and Daily Sell 2. Beyond that, the larger 360-day cycle remains bullish, keeping higher targets viable into early 2026 if a breakout confirms.
Cycle takeaway: silver is not breaking yet—it is loading. Compression + cycle alignment favors a directional resolution, not chop.
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.