Silver futures continue to trade within a defined mean-reversion structure centered around the VC PMI equilibrium near the 76–77 zone. This consolidation reflects a transitional phase following the post-Chinese New Year liquidity reset and is forming the base for the anticipated Rio Rally phase in precious metals.

Seasonally, the Chinese New Year period often produces temporary volatility and lighter institutional participation. Once the holiday concludes and Asian markets return to full activity, liquidity and physical demand typically increase. This transition frequently marks the beginning of the Rio Rally — a cyclical advance that begins late February or early March and can extend through the balance of the year. The current…