Silver closed sharply higher on Friday renewing the rally off July's low. The high-range close set the stage for a steady to higher opening on Monday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off June's low, the 62% retracement level of the April-May-decline crossing is the next upside target. Closes below the 10-day moving average crossing would temper the bullish outlook.