Silver closed lower on Thursday and above the 50% retracement level of the December-February decline crossing. The mid-range close sets the stage for a steady on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off February's low, the 62% retracement level of the aforementioned decline crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.
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