The market is in the midst of a powerful expansionary phase, confirmed by both daily and weekly momentum structures. Price is currently trading at 44.66, above both the Daily Sell 1 (44.62) and the Weekly Sell 2 (44.27) levels. This breakout is a clear indication that silver is attempting to achieve escape velocity from the mean reversion zone, with Fibonacci projections toward 45.00–45.50 now active.
From the VC PMI perspective, the Daily VC PMI (43.99) represents the magnet zone below, with Buy 1 (43.59) and Buy 2 (42.06) acting as strong supports. The fact that price has sustained itself above these mean values and broken through Daily Sell 2 (45.02) intraday suggests that the market is in an overextended bullish condition. Normally, such conditions favor reversion back toward the daily mean; however, when coupled with cycle expansions, this overextension often becomes a continuation pattern.
30-Day Gann Cycle
The 30-day cycle, measured from the August 23 low near 41.20, projected a rising phase into the September 21–23 window, which coincides with today’s breakout. This validates the short-term cycle high window, suggesting that silver is entering the final thrust of its 30-day expansion. If prices sustain above 44.27–44.62, the extension phase could carry into early October with targets between 45.25 and 46.00, before a corrective wave emerges.
360-Day Gann Cycle
The broader 360-day cycle places emphasis on the September 28, 2025 pivot, derived from the major 2024 low. This cycle inflection suggests that the next week may mark a critical turning point. Should silver continue higher into that date, the 360-day cycle may invert, turning what would normally be a low into a high, thereby signaling a potential reversal window into October. The alignment of the short-term bullish 30-day cycle into the longer-term 360-day pivot increases the likelihood of a price inversion, with upside exhaustion followed by corrective reversion.
Square of 9 Harmonics
Using 44.66 as the active price anchor, Square of 9 projections highlight harmonic resistance near 45.18 (90°) and 46.02 (120°). On the downside, harmonic supports align at 43.99 (0°/360°) and 42.62 (270°), coinciding with both daily and weekly VC PMI levels. This harmonic alignment reinforces the credibility of these pivot zones as natural reversal points.
Conclusion
Silver futures are in an extended bullish thrust, fueled by a 30-day cycle expansion converging with the critical 360-day pivot window of September 28. Sustained closes above 44.62–44.77 open the door for a run toward 45.18–46.02, where cycle exhaustion and Square of 9 harmonics converge. Traders should prepare for a potential reversion window into early October, with 43.99–42.62 as key downside targets if momentum fades.
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