Silver (XAG/USD) picks up bids to extend the previous day’s run-up towards the $19.00 during Wednesday’s Asian session, around $18.67 by the press time.
In doing so, the bright metal justifies the upside break of the 50-HMA amid firmer RSI (14), not overbought, inside an immediate triangle formation established since Monday.
That said, the quote’s further upside aim for the stated triangle’s resistance line, at $18.70 at the latest.
Should the XAG/USD cross the $18.70 hurdle, a two-week-old descending trend line near $18.85, will challenge the metal buyers before giving them control. It’s worth noting that the $19.00 may act as an extra challenge for the bulls.
On the contrary, the 50-HMA adds strength to the nearby triangle’s support at $18.55 and restricts the quote’s short-term downside.
Also acting as the key challenge for the XAG/USD bears is an upward sloping trend line from July 13, at $18.34 by the press time.
To sum up, silver consolidates recent losses inside a short-term triangle. However, the metal’s further upside appears limited unless crossing the $18.85 hurdle.

Trend: Further upside expected
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