Silver closed higher due to short covering on Tuesday as it consolidates some of the decline off June's high. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are diverging but are bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, June's low crossing is the next downside target. Closes above last Thursday's high crossing are needed to confirm that a low has been posted.