Silver Holds Above $50 as Bullish Cycle Targets $52–$54 Extension Zone
NEW YORK (November 11) Silver futures are trading at $50.69, up 0.75%, marking a continuation of the bullish momentum that began from the cyclical low of $46.52 earlier in the week. The market’s structure shows a strong vertical advance, establishing a new high at $51.10, precisely aligning with the Daily Sell 1 level, confirming the accuracy of the VC PMI AI predictive model. The current price behavior suggests that silver is in a short-term consolidation phase after a steep five-day advance within an expanding upward channel.
From a technical perspective, the market remains in a confirmed bullish trend above both the daily and weekly VC PMI means. The Daily VC PMI is positioned at $49.68, serving as the equilibrium point or mean. As long as silver holds above this level, the probability favors a continuation of the advance. The Daily Buy 1 and Buy 2 levels are at $48.87 and $47.44, respectively, offering strategic entry zones for traders looking to buy corrections within this bullish cycle. On the upper end, resistance is identified at $50.87–$51.10, near the 61.8% Fibonacci retracement level, which may act as a short-term ceiling before the next breakout.
The weekly structure reinforces this bullish setup, with the Weekly VC PMI at $47.83 and upper targets at $49.15 (Sell 1) and $50.15 (Sell 2) already achieved. The market’s ability to trade and close above $50.15 confirms strong momentum and signals a potential extension toward the next measured Fibonacci target around $52.50–$54.00. The MACD (14,3,3) indicator shows a positive crossover with upward momentum, though slightly overbought conditions could trigger brief profit-taking near current resistance.
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From a cyclical standpoint, the advance corresponds to the mid-phase of a 30–60–90-day cycle window that began with the September 28, 2025, low. Silver appears to be in the acceleration phase of this cycle, with the next 30-day peak expected by mid-November. This period could mark the culmination of the current rally before a controlled correction develops into early December.
In summary, the technical and cyclical evidence remains strongly bullish for silver as long as prices sustain above $49.59. A breakout and daily close above $51.10 would confirm an extension toward $52.80–$54.00, while a reversal below $49.59 could trigger mean reversion toward $48.87–$47.54. Traders are advised to manage risk accordingly, maintaining trailing stops and scaling into strength.
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