Silver closed higher due to short covering overnight as it consolidates some of this week's decline. Stochastics and the RSI are oversold, diverging but are turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If its extends this month's decline, the reaction low crossing is the next downside target.
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