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Silver closed slightly higher on Tuesday and the mid-range close set the stage for a steady opening on Wednesday. Stochastics and the RSI remain neutral to bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off August's high, the 62% retracement level of the 2008-2011-rally crossing is the next downside target.