Silver builds on its recent goodish rebound from sub-$23.00 levels and climbs to a two-week high on Friday, albeit struggles to capitalize on the modest intraday uptick. The white metal pulls back from the vicinity of the $24.00 mark, representing the 38.2% Fibonacci retracement level of the downfall in May, and trades with a mild positive bias during the early European session. From a technical perspective, this week's sustained move beyond the 100-day Simple Moving Average (SMA) and the overnight break through the 23.6% Fibo. level favours bullish traders. Moreover, oscillators on the daily chart have recovered ... (full story)