Silver closed lower due to profit taking on Thursday as it consolidated some of this week's rally. The mid-range close sets the stage for a steady to lower opening on Friday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it extends the rally off this month's low, the 62% retracement level of this month's low crossing is the next upside target. Closes below the 20-day moving average crossing would temper the near-term friendly outlook.