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Silver closed lower due to profit taking on Thursday as it consolidates some of this week's rally. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are turning bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off February's low, the 75% 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.