Silver closed higher on Thursday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it renews the decline off June's high, June's low crossing is the next downside target.
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