Silver closed higher on Wednesday as it extends the trading range of the past month. The high-range close set the stage for a steady to higher opening on Thursday. Stochastics and the RSI are bullish signalling that sideways to higher prices are possible near-term. 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 renews the decline off this month's high, the reaction low crossing is the next downside target.