Silver Price (XAG/USD) picks up bids to defend the previous day’s corrective bounce off the short-term key support, mildly bid near $23.60 during early Wednesday in Asia. In doing so, the bright metal rebounds from a convergence of the 200-Hour Moving Average (HMA) and an upward-sloping support line from May 30, close to $23.60-65. Apart from the clear bounce off an important support, steady RSI (14) line also keeps the XAG/USD buyers hopeful. However, a three-week-old double top formation around $24.00 challenges the Silver buyers before giving them control. In a case where the XAG/USD remains firmer past $24.00, ... (full story)