Silver closed lower on Friday as it extended this week's trading range. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signalling that sideways to higher prices are possible near-term. Closes above last Tuesday's high crossing are needed to confirm that a low has been posted. If it renews last week's decline, the reaction low crossing is the next downside target.
Join the Discussion