SLV Daily Technical Analysis
iShares Silver Trust
Tracks the price of physical silver bullion. Silver has both monetary and industrial uses, making it more volatile than gold. It is commonly viewed as a leveraged play on precious metals with sensitivity to economic growth, inflation, and speculative cycles.
SLV Technical Analysis Summary
SLV continues to trade within a broader intermediate downtrend after being firmly rejected by its 200-day SMA and upper Bollinger Band. In the short term, the ETF is testing critical dynamic support at the 50-day SMA around 56.37. A sustained failure to hold this moving average would likely open the door to a retest of the multi-month support base near 48.00–50.00.
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SLV Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price faced a sharp rejection near the 200-day SMA and upper Bollinger Band, breaking below the 20-day SMA with RSI dropping toward 45.73 on elevated selling volume.
Long-term Sentiment (weeks to months): Bearish
Price remains in a broader multi-month downtrend sequence of lower highs and lower lows below the 200-day SMA following the major peak near 108.
Report Metadata
- Timeframe: daily
- Generated at: 2026-09-10T20:20:57.034Z
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $56.55 | $56.30 - $56.80 | Moderate | Confluence of the rising 50-day moving average (56.37) and the lower Bollinger Band. |
| $48.50 | $47.50 - $49.50 | Strong | Major summer consolidation base and multi-week swing low from July and August. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $60.25 | $60.00 - $60.50 | Moderate | Previous short-term support turned resistance near the 20-day SMA midline. |
| $64.50 | $63.50 - $65.50 | Strong | Recent late-August swing high aligned with the 200-day moving average and upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Bearish Rejection at 200-day SMA | Bearish | $49.50 | A counter-trend rally failed to overcome the downward-sloping 200-day SMA around 63.50-65.50, forming a lower high and resuming downward pressure. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bearish because Price faced a sharp rejection near the 200-day SMA and upper Bollinger Band, breaking below the 20-day SMA with RSI dropping toward 45.73 on elevated selling volume.. The long-term trend is classified as Bearish.
What are the key support levels for SLV?
StockDips.AI has identified key support levels for SLV at $56.55 and $48.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is SLV in a significant dip or a Value Dip right now?
SLV has a Value Score of 75/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.