Silver closed higher due to profit taking on Tuesday as it consolidated some of the rally off February's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are overbought but remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends this rally, the 87% retracement level of the December-February 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.