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Silver posted a new contract high on Tuesday before profit taking tempered early gains and closed lower on the day. The mid-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the aforementioned rally, monthly resistance crossing is the next upside target. Closes below the 20-day moving average crossing would confirm that a short-term top has been posted.