Silver (XAG/USD) has retraced from the previous day’s highs and has attracted some follow-through selling during the Asian session on Wednesday. The commodity tested new daily lows, trading around the $31.60 mark. This movement follows a corrective slide from the $33.20 to $33.25 resistance zone.

As market participants evaluate mixed signals from technical indicators, caution prevails before making further commitments. Traders need to keep a close watch on geopolitical events and economic data releases that could impact silver prices.

In the current market environment, silver must navigate the interplay of global economic factors. Understanding these dynamics will be key for investors looking to capitalize on volatility.