""
 
Silver closed lower on Tuesday extending the decline off last week's high. The low-range close set the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends last week's decline, the reaction low crossing is the next downside target. If September renews the rally off June's low, the 62% retracement level of the April-May-decline crossing is the next upside target.