Silver posted a key reversal down on Thursday and closed below the 20-day moving average crossing confirming that a short-term top has been posted. The low-range close set the stage for a steady to lower opening on Friday. Stochastics and the RSI have turned bearish signalling that sideways to lower prices are possible near-term. If it extends today's decline, the reaction low crossing is the next downside target. If it renews the rally off June's low, the 62% retracement level of the April-May-decline crossing is the next upside target.