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Silver closed higher on Thursday and remains poised to extend the rally off last Friday's low. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off last Friday's low, the reaction high crossing is the next upside target. If it renews the decline off January's high, the 38% retracement level of the August-January rally crossing is the next downside target.