Silver closed lower due to profit taking on Tuesday and the mid-range close sets the stage for a steady opening on Wednesday. Stochastics and the RSI are bearish signalling that additional weakness is possible near-term. Closes below last Thursday's low crossing are needed to confirm that a top has been posted while opening the door for a larger-degree decline into early-July. If it renews this month's rally, May's high crossing is the next upside target.
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