Silver closed sharply higher on Tuesday as it extends the rally off January's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the aforementioned rally, January's high crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook.