(/SI) are trading at $39.57 in the pre-market hours of August 29, 2025, resting just under the critical $40.00 resistance zone. The market has staged a strong recovery from the early August low at $37.67, aligning with the short-term 30-day Gann cycle that projected a pivot window into late August. This rally has carried price directly into the VC PMI weekly Sell 1 level at $39.77, overlapping with the daily Sell 1 pivot at $39.99. The convergence of these resistance levels with the maturing Gann cycles creates a highly sensitive turning point.
The 30-day Gann cycle, often associated with short-term market swings, projected a crest around September 4–5, 2025. The current price action shows Silver already testing resistance a week before this window, suggesting that the market is entering the topping phase of this cycle. From a mean-reversion standpoint, the most probable path is a retracement back toward the daily Buy 1 level at $39.29, followed by the daily Buy 2 level at $38.87, and ultimately the weekly mean at $38.37. These levels coincide with natural Fibonacci retracement zones, reinforcing their strength as downside magnets should selling pressure emerge.
Beyond the immediate 30-day rhythm, the 360-day Gann cycle carries even greater significance. The anchor for this long-term cycle is the September 28, 2024 low, which initiated the current uptrend. As we approach the September 23–30, 2025 anniversary window, the market enters a time band historically linked to decisive reversals. The fact that Silver is pressing against the $40.00 barrier just as the yearly cycle matures highlights the risk of a major inflection point.
Momentum indicators confirm this cautionary stance. The MACD oscillator has flattened near the zero line, signaling waning momentum after the surge from $37.67. Traders should be attentive to whether price sustains above $39.77–$39.99 or fails at this wall. A decisive breakout could trigger an advance toward $41.50–$42.00, but rejection here would validate both the short-term and long-term Gann cycles, unleashing a mean-reversion decline.
In summary, Silver stands at a time/price convergence defined by the 30-day and 360-day Gann cycles overlapping with VC PMI resistance. For traders, this is not the moment to chase upside but to prepare for volatility and embrace the high-probability reversion zones below $39.29 and $38.37 as tactical opportunities.
***
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.