• Silver struggles to register any meaningful recovery from a multi-day low touched this Monday.
• The mixed technical setup warrants caution before placing bullish bets around the XAG/USD. 
• A convincing break below the 50-day SMA is needed to support prospects for further losses.

Silver (XAG/USD) finds some support ahead of the 50-day Simple Moving Average (SMA) and stages a modest bounce from a three-day low, around the $29.35 region touched during the Asian session on Monday. The white metal, for now, seems to have stalled its retracement slide from the vicinity of the $31.00 mark, or a two-week high touched on Friday, though struggles to attract any meaningful buyers