Silver closed lower due to profit taking on Wednesday. The high-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI are turning neutral to bearish signalling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing would temper the near-term friendly outlook. If it extends the rally off this month's low, the reaction high crossing is the next upside target.
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