Silver May Hit High On Tracking Bullion Prices

NEW YORK (July 29) Silver closed lower on Friday. The midrange close set the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signalling that a short term top might be in or is near. Closes below the 20day moving average crossing would confirm that a short term top has been posted. If it extends the rally off June's low, the reaction high crossing is the next upside target.