Silver closed lower on Friday renewing the decline off last week's high. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are diverging but are turning neutral signalling that sideways to lower prices are possible near-term. If it renews last week's decline, the 25% retracement level of the July-January rally crossing is the next downside target. Multiple closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.