Silver XAG USD encounters difficulties attempting to build on the prior day’s modest gains, fluctuating within a narrow trading band under the $32.00 mark during Thursday’s Asian session. The white metal remains above the critical 100-Day Simple Moving Average (SMA) support level, located near the $31.30 to $31.25 zone, which also aligns with the two-week low observed on Tuesday. These developments highlight a precarious situation for silver as traders assess potential downside risks and movements. As market conditions evolve, it’s essential to monitor silver’s technical indicators for potential trading signals.