Silver closed higher due to short covering on Friday as it consolidates some of this week's decline. The mid-range close set the stage for a steady to higher opening on Friday. Stochastics and the RSI are bearish signalling that a short-term top might be in or is near. Closes below the July-August uptrend line crossing would confirm a top and trend change has taken place. If it renews the rally off June's low, the 75% retracement level of the April-May-decline crossing is the next upside target.