Silver closed higher on Friday, and the high range close set the stage for a steady to higher opening on Monday. Stochastics and the RSI remain neutral to bearish, signalling that sideways to lower prices are possible near term. If it extends this month's decline, the 87% retracement level of the June October rally crossing is the next downside target. Closes above the 20day moving average crossing are needed to confirm that a short term low has been posted.

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