Silver closed higher on Thursday as it extends the rebound off Monday's low. The high-range close sets the stage for a steady to higher opening on Friday. Stochastics and the RSI are diverging and are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above last Thursday's high crossing are needed to confirm that a low has been posted. If it extends the decline off June's high, June's low crossing is the next downside target.
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