The silver price has surged by more than 1.70% on Thursday, reaching its highest level since June 18 at $68.18.
This uptrend continues to hold in the short-term, with the metal approaching the 100-day Simple Moving Average (SMA) at $68.51.
According to technical indicators, momentum remains bullish, as the Relative Strength Index (RSI) is above its 50-neutral level and approaching overbought territory.
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