SLV Monthly 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 remains in a powerful secular bull market following its structural breakout above the 2011 historical highs. After a volatile pullback from all-time highs above 108.00, price has found reliable support along the 20-month SMA and the 48.00-50.00 retest zone. With the long-term moving averages in strong bullish alignment and the breakout structure holding, the long-term path of least resistance remains to the upside.
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SLV Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price successfully tested and rebounded from the 20-period moving average and prior breakout zone near 49.00-50.00, forming a strong monthly recovery candle.
Long-term Sentiment (weeks to months): Bullish
Clear secular bull regime characterized by a massive multi-year breakout above the 2011 highs, with price holding firmly above upward-sloping 50-month (33.24) and 200-month (23.68) SMAs.
Report Metadata
- Timeframe: monthly
- Generated at: 2026-09-01T06:39:46.560Z
- Model: gemini-3.7-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $49.50 | $48.00 - $51.00 | Strong | Major secular breakout retest level aligning with the 2011 historical high and the 20-month moving average. |
| $33.50 | $32.00 - $35.00 | Strong | Confluence of previous multi-year resistance structure and the rising 50-month moving average. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $86.00 | $84.00 - $88.00 | Strong | Upper Bollinger Band zone and previous monthly candle body resistance. |
| $110.00 | $108.00 - $112.00 | Strong | All-time secular peak wick high established during the initial parabolic surge. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Base Breakout | Bullish | $110.00 | Multi-year cup-shaped consolidation spanning from 2011 to 2024 that resulted in a powerful upside expansion, currently establishing support above the breakout neckline. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bullish because Price successfully tested and rebounded from the 20-period moving average and prior breakout zone near 49.00-50.00, forming a strong monthly recovery candle.. The long-term trend is classified as Bullish.
What are the key support levels for SLV?
StockDips.AI has identified key support levels for SLV at $49.50 and $33.50. 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 also listed as a Value Dip because long-term sentiment is bullish.
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