• Silver lacks any firm intraday direction and consolidates in a range on Wednesday.
• The technical setup favors bulls and supports prospects for some meaningful gains.
• A break below the 100-day SMA pivotal support would negate the positive outlook.

Silver (XAG/USD) struggles to capitalize on the previous day’s goodish rebound from the $31.25 area, or over a one-week low, and oscillates in a narrow band through the first half of the European session on Wednesday. The white metal currently trades below the $32.00 mark, unchanged for the day, as traders opt to wait for the release of the US