- Silver struggles to preserve its modest intraday gains to a four-day peak.
- Acceptance above the 100-hour SMA favours bulls and should limit losses.
- A convincing break below the $22.50 area could negate the positive bias.
Silver touches a four-day peak during the first half of trading on Monday, albeit stalls the positive move just ahead of the $23.00 mark. The white metal surrenders its modest intraday gains and drops to the lower end of its daily trading range, around the $22.75-$22.70 region during the early European session.
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