Silver closed lower due to profit taking on Wednesday as it consolidated some of the rally off February low. The low-range close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are overbought and are turning bearish signalling that a short-term top might be in or is near. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted. If it extends the rally off February's low, the 75% retracement level of the aforementioned decline crossing is the next upside target.