Silver Prices Struggle to Gain Traction Above $61

Silver prices have been recovering from their lowest level since August 5, reaching as high as $61.00 before losing momentum.

The Relative Strength Index (RSI) is hovering near oversold levels around 28, indicating a potential short-term bounce.

However, any significant move up may face resistance at the $61.00 round figure, and a convincing break above this level would be needed to pave the way for further gains.