Silver closed lower on Wednesday. The low-range close sets the stage for a steady to lower opening on Thursday. Prices closed near mid-range today after hitting a fresh five-week low early on. Silver was again pressured by bearish outside markets that included a higher U.S. dollar index and lower crude oil and U.S. stock index futures prices. Near-term chart damage has been inflicted in silver. A three-month-old uptrend on the daily bar chart was negated today.