Silver closed lower on Thursday as it extends this week's trading range but remains below June's broken uptrend line. The mid-range close set the stage for a steady opening on Friday. Stochastics and the RSI are turning neutral hinting that a low might be in or is near. If it renews the rally off June's low, the 62% retracement level of the April-May-decline crossing is the next upside target. If it extends the decline off last week's high, the reaction low crossing is the next downside target.