Silver attracts fresh buying on Thursday following the previous day's sharp retracement slide from the $23.30-$23.35 area, or a near three-week high a
Silver regains positive traction on Thursday and climbs back to the $23.00 round-figure mark. The technical setup seems tilted in favour of bulls and supports prospects for additional gain. A convincing break below the 38.2% Fibo. level is needed to negate the constructive outlook. nd extends its steady ascent through the early European session. The white metal climbs back closer to the $23.
85 region, now seems to protect the immediate downside ahead of the overnight swing low, around the $22.70-$22.65 area. Some follow-through selling might expose the weekly trough, around the $22.40-$22.35 zone. The latter nears the 38.2% Fibo. level and should act as a key pivotal point. A convincing break below might shift the near-term bias back in favour of bearish traders and prompt aggressive technical selling around the XAG/USD.
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