15-minute chart shows a sharp decline from $68.585 to $62.75, followed by a rebound that failed near $65. The latest move has brought the price back to $63.385, just above the daily Buy 1 level at $63.29. That makes the next response at support more useful than the earlier rebound: holding $63.29 could start a move toward the daily mean, while sustained trade below it would expose the weekly Buy 1 level at $62.57.
VC PMI levels. The daily mean is $64.38 and the weekly mean is $65.77. With silver below both, the short-term structure remains under pressure. A recovery through $64.38 would improve the immediate picture; reclaiming $65.77 would provide stronger evidence that buyers have regained control. Above those levels, the chart marks daily Sell 1 at $66.01, daily Sell 2 at $67.10, and weekly Sell 1 near $68.40. These are potential profit-taking and reassessment zones, not automatic short entries. If $62.57 fails, watch whether the marked $62.75 low offers support on a retest; the chart does not establish a lower VC PMI Buy 2 value.
Cycle dates. September 16–18 is the immediate window for judging whether today’s decline produces a durable low or another weak bounce. September 27–29 is a second window around the anniversary of your September 28 silver cycle anchor. These dates identify times to watch for a change in behavior; they do not predict its direction. Price confirmation at the VC PMI levels remains essential.
Square of 9. Using $63.385 as a calculation anchor, approximate 45-degree levels are $61.41 below and $65.39 above; approximate 90-degree levels are $59.47 and $67.43. The $65.39 projection sits below the weekly mean, while $67.43 is close to daily Sell 2. Treat these as calculated reference levels, not charted VC PMI values.
Fundamentals. The Federal Reserve raised its target rate by 25 basis points to 3.75%–4.00%, citing elevated inflation alongside solid economic activity. Higher rates can weigh on silver through yields and the , while persistent inflation can support its longer-term appeal. Today’s price response will help show which force traders prioritize.
Disclosure: This is market commentary based on the supplied chart, not a guarantee of reversion or individualized investment advice. Silver futures can move quickly through every level during policy news; size positions and define risk accordingly.
