Silver price rally halts for the second straight day, with bulls remaining unable to decisively clear the $34.00 figure for the second consecutive day despite registering a yearly peak of $34.23.

Silver price (XAG/USD) retreated after reaching a five-month high of $34.23 on Tuesday, trading around $33.70 per troy ounce during European hours on Wednesday.

Silver (XAG/USD) consolidates in a range around the $34.00 mark during the Asian session on Wednesday and remains close to its highest level since late October touched the previous day.