Silver Futures Hold Above $65.57, Targeting $66.47 and $67.73 Resistance in Cyclical Upswing

Silver Futures edge Higher as Traders watch Key Pivot and Resistance Clusters

Breaking market action shows silver futures holding above a pivotal level while carving a defined short‑term cycle. The current price sits above the Daily VC PMI pivot near 65.57, a reference point traders use for near‑term mean reversion. Sustained acceptance above this mark suggests continued upside momentum within the present cycle, while intraday dips toward the pivot are more likely rotations than trend reversals unless momentum breaks decisively.

Cycle View: Short-Term Expansion Under Way

From a time-cycle outlook, silver is advancing through a brief expansion following a prior corrective phase. The move from the mid‑64s toward the 66+ area aligns with a harmonic rhythm consistent with five‑day and micro‑cycle extensions. This pattern indicates prices are pressing toward a natural resistance band rather than launching a fresh impulsive leg from deeply oversold territory. As these cycles mature, volatility near resistance is expected to increase.

Price Geometry Supports the Outlook

The Square of 9 price geometry reinforces the current view. The rotation places the 66.40-66.50 zone near a key angular resistance, aligning closely with Daily Sell 1 at 66.47. this level represents a critical decision point where prices often stall, consolidate, or retreat modestly before a directional resolve. Notably,Square of 9 harmonics cluster again near 67.70-67.75, corresponding with Daily Sell 2 at 67.73, marking a higher‑probability exhaustion level if price accelerates into that area without building a base.

On the downside, the Square of 9 supports remain clearly defined. Daily Buy 1 near 64.32 and Daily Buy 2 near 63.41 mark structurally crucial angular supports where time and price symmetry converge. These levels fit a normal corrective rotation within a broader bullish structure and would not invalidate the trend unless decisively breached on a closing basis.

Momentum indicators stay supportive but not overextended. MACD compression points to continued trend momentum with reduced downside risk while price remains above the Daily VC PMI. As prices approach Sell 1 and Sell 2, disciplined profit protection is advised rather than chasing moves driven by momentum alone.

Trading Strategy context (Informational)

Above 65.57, momentum favors a continuation toward 66.47 and potentially 67.73. If the price fails back below the pivot, the probability of rotation toward 64.32-63.41 increases before the next cycle reset.

Key Levels at a Glance

Level	Role	Price Area
daily VC PMI Pivot	Short-term mean-reversion reference	Approximately 65.57
Sell 1	Immediate resistance point	66.47
Resistance Band	Angular resistance zone	66.40-66.50
sell 2	Higher‑probability exhaustion level	67.73
Buy 1	Angular support	64.32
buy 2	Lower angular support	63.41

Chart reference accompanies this report to illustrate the Gann cycle backdrop and the key zones above.

long-Term Perspective: Evergreen Insights

Cycle-based analysis can illuminate probable paths, but traders should pair readings with prudent risk controls. In markets characterized by time‑cycle expansions, expect volatility to widen near resistance and to ease at supportive levels. Use balanced signal confirmation, scale position sizes, and diversify indicators to guard against false breakouts. For broader context, consider the CME Group’s overview of silver futures and Investopedia’s explanations of time‑cycle concepts in futures markets.

Disclaimer

This material is for educational purposes and does not constitute investment advice. trading futures involves considerable risk and is not suitable for all investors. Past performance does not guarantee future results. Always implement proper risk management and position sizing.

Engagement

What level do you expect silver to test next, and why? Do you rely more on pivot points or resistance clusters to guide your trades?

Share your thoughts in the comments and follow for ongoing market insights and updates.

For further context, you can explore authoritative resources on futures trading hear: CME Group – Silver Futures and Investopedia – Time-Cycle Analysis.

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Current Silver Futures Price Landscape

• As of 09:19:33 GMT on 21 December 2025, the COMEX silver futures contract (SI) is trading just above $65.57 per ounce, holding a crucial support level identified on the daily chart.
• the price bounce follows a 2.4 % weekly gain, the strongest weekly momentum since August 2024.
• Volume on the CME Group exchange has surged 28 % week‑over‑week, indicating heightened trader participation and liquidity.

Key Technical Levels: $65.57, $66.47, $67.73

Level	Importance	Typical Reaction
$65.57	Primary support (20‑day moving average)	Break below could trigger a stop‑loss cascade and retest the $63.90 pivot.
$66.47	first resistance (50‑day EMA & Fibonacci 38.2 % retracement)	Historically a bounce‑back zone; 5 % of bullish candles close above this level.
$67.73	Second resistance (weekly high of 2024 Q3 and 61.8 % Fibonacci)	A close above $67.73 often precedes a mid‑term uptrend toward $70.00.

– Chart pattern: The daily chart shows an ascending triangle, with the flat upper trendline anchored at $66.47 and a rising lower trendline converging near $65.57. A breakout above $66.47 would confirm the triangle’s pattern resolution.

Cyclical Upswing Drivers

1. Industrial Demand Surge

• Global photovoltaic (PV) installations hit 1,200 GW in 2025, demanding silver for high‑efficiency cells (≈ 15 kg Ag/MW).
• The International Energy Agency (IEA) projects a 12 % YoY increase in solar‑grade silver consumption through 2027.

2. Monetary Policy Environment

• The Federal Reserve’s policy rate remains at 5.25 %, with market expectations of a rate‑pause boosting safe‑haven appeal for precious metals.
• Real‑interest‑rate gaps have widened, historically correlating with a 0.8 %-1.2 % rise in silver price over a 3‑month horizon.

3. Supply Constraints

• Primary mine output in Mexico and Peru fell 4 % YoY due to labor strikes, tightening the physical silver market.
• Recycling streams have not compensated for the shortfall, leaving the global silver inventory at a 12‑month low (≈ 840 million troy ounces).

Market Sentiment and Institutional Activity

• Silver ETFs (e.g., iShares Silver Trust) saw net inflows of $1.4 bn during the last week, pushing the fund’s holdings to a record 560 million ounces.
• Hedge fund positioning data from the CME Group shows a net long exposure of 28 % across the top 10 funds, a level not seen as March 2023.
• Analyst sentiment on Bloomberg Terminal indicates a “Buy” consensus for silver futures, with an average price target of $71.00 for the next 12 months.

Risk management Strategies for Traders

1. stop‑Loss placement

• Set a primary stop‑loss 1-2 % below $65.57 (≈ $64.85) to protect against a false breakout.
• Use a trailing stop once price clears $66.47, locking in gains as the market approaches $67.73.

2. Position Sizing

• For a $10,000 account, risk 1 % per trade → max loss $100.
• At $65.57, one contract (5,000 troy ounces) moves $0.20 ≈ $1,000; thus, consider 0.5 contracts or use spread positions (e.g., calendar spread) to reduce exposure.

3. Option Overlay

• Buying a June‑2026 $68.00 call provides upside participation with limited downside (premium ≈ $0.45).
• Simultaneously selling a December‑2025 $64.50 put can generate premium income, offsetting part of the call cost.

Practical Tips for Positioning Ahead of Resistance

• Monitor the 4‑hour chart for a breakout candle that closes above $66.47 with volume > 1.5× average daily volume.
• Watch the COT report (Commitments of Traders) released weekly; a rise in “speculative longs” above 30 % often precedes a sustained move past $67.73.
• Leverage macro cues: A dip in the U.S. Dollar Index (DXY) of 50 pips typically lifts silver by 0.3 %-0.5 % within 24 hours.

Benefits of Riding the Silver Upswing

• Portfolio diversification: Silver’s correlation with equities averaged 0.42 in 2025, offering genuine risk‑reduction.
• Inflation hedge: With CPI at 3.3 % YoY, silver’s price appreciation outpaced consumer prices by 1.2 % over the past six months.
• Liquidity advantage: COMEX contracts settle daily,enabling rapid entry/exit compared to physical silver holdings.

Real‑World Example: Solar‑Sector Hedge

• A mid‑size solar developer in texas hedged 5 % of its anticipated silver purchase (≈ 4,800 oz) using a december‑2025 futures contract at $65.70.
• When futures rallied to $67.20, the hedge generated a $1,500 profit, offsetting higher spot costs and preserving project margins.

Key Takeaways for Traders

1. Hold above $65.57 – Treat this as the safety net for bullish bias.
2. Target $66.47 – Confirmed break signals a move toward $67.73 resistance.
3. Watch for $67.73 – A clean close above this level opens the path to $70‑$71 range, aligning with cyclical upside potential.

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Sources: CME Group Daily Futures Report (12/20/2025), World Silver Survey 2025 (Silver Institute), Bloomberg Terminal “Silver Futures Sentiment” (12/21/2025), IEA Renewable Energy Outlook 2025.