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Silver closed higher on Monday as it extends the rally off July's low. The mid-range close set the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off June's low, the 75% retracement level of the April-May-decline crossing is the next upside target. Closes below the 20-day moving average crossing would temper the bullish outlook.