/
 
Silver closed lower due to profit taking on Thursday as it consolidated some of this winter's rally. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends this winter's 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.