Silver holds on to recent gains as the US dollar softens on lackluster retail numbers.
Sentiment has recovered after the price rallied above the daily resistance at 28.30. The precious metal is grinding along the 30-day moving average in search of bids.
27.00 is a major support while the sideways action goes on. A bearish breakout could extend the correction towards 26.10.
On the upside, a close above 28.00 may lead the price to challenge the upper band of the range at 28.70 for the third time.
