- Silver lacks any firm intraday direction and oscillates in a narrow range on Thursday.
- The technical setup favours bulls and supports prospects for further near-term gains.
- A convincing break below the $24.00 mark is needed to negate the positive outlook.
Silver struggles to capitalize on the overnight goodish rebound from the $24.65 region, or a one-and-half-week low, and seesaws between tepid gains/minor losses through the early European session on Thursday. The white metal, however, manages to hold its neck above the $25.00 psychological mark and for now, seems to have stalled the recent pullback from over a one-year high, around the $26.10 area touched last week.
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