Silver traded near $67.94 on September 22, 2026, after touching an intraday high of about $68.105, sitting above both its weekly and daily VC PMI reference levels. Chart-based technical analysis shows the weekly Sell 1 and Sell 2 levels at $69.12 and $71.08, while a cycle-date marker and a separate geometric framework add further context.
Price holds above weekly and daily reference points
The 15-minute chart for silver futures on September 22, 2026 showed price near $67.94, after an intraday high of roughly $68.105. The Weekly VC PMI reference sits at $65.93 and the Daily VC PMI at $66.56, with price trading above both. That positioning puts the market in a zone where traders look for confirmation of continued strength or a rejection from higher levels.
Weekly levels on the chart list Buy 1 at $63.97, Buy 2 at $60.78, Sell 1 at $69.12, and Sell 2 at $71.08. Daily levels show Buy 1 at $65.01, Buy 2 at $63.50, and Sell 2 at $69.62, with an intraday low near $62.75 also marked on the chart. Analysts treat these levels as reference points rather than guaranteed reversal points — price acceptance, rejection, volume, and momentum still need to confirm any move.
Cycle date and Square 9 add context, not targets
The chart marks a cycle-date reference at September 18, 2026, which identifies a potential timing window rather than a confirmed high or low. Any future cycle date would need to come from the underlying cycle methodology, not be assumed from the chart alone.
Square 9 supplements this by overlaying an independently calculated price/time framework; it should not be used to manufacture new price targets. Confluence between a Square 9 relationship, a VC PMI level, a cycle date, and actual price and volume behavior may offer additional context for reading the setup.
The analysis also cautions that fundamental factors — supply and demand, inventories, production, transportation, macroeconomic conditions, interest rates, currency movements, geopolitical developments, and shifts in market positioning — can override these technical reference levels.
Source: Commodities Analysis & Opinion
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