Silver prices remain within a broader consolidation range between $29.00 and $31.50, with immediate resistance seen near $30.40.

Despite modest improvements in Chinese manufacturing activity and upcoming economic data from the U.S., silver struggles to gain momentum, held back by technical hurdles and the strength of the U.S. dollar.

In November, economic signals from China presented a mixed outlook. The official manufacturing PMI edged up to 50.3 from 50.2, while the Caixin Manufacturing PMI saw a sharper rise to 51.5 from 50.3, highlighting resilience in private manufacturing. However, the NBS Non-Manufacturing PMI dropped to 50.0, pointing to stagnation in the services sector. Hopes for potential Chinese stimulus have done little to lift silver prices, as the metal remains weighed down by the robust dollar.