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 has experienced extreme volatility, characterized by a parabolic blow-off top followed by a severe, rapid correction. Currently, the asset appears to have found a definitive floor near the $65 level and is beginning to carve out a new uptrend characterized by a higher low. With short-term momentum indicators like the MACD turning positive and price reclaiming key moving averages, the technical picture leans bullish for a retest of near-term resistance in the $85-$88 zone, while the longer-term MA structure remains highly constructive.
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SLV Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is rebounding strongly with a large green candle, moving back above the 20-day and 50-day SMAs. This is supported by a recent bullish MACD crossover, a positive and expanding MACD histogram, and an RSI that is rising with room before becoming overbought.
Long-term Sentiment (weeks to months): Bullish
Despite the severe correction from the parabolic peak, the longer-term trend remains intact. The 50-day SMA is positioned well above the rising 200-day SMA, and price action is attempting to establish a higher low structure after the initial crash.
Report Metadata
- Timeframe: daily
- Generated at: 2026-03-09T21:05:10.849Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $76.50 | $75.50 - $77.50 | Weak | Immediate support zone encompassing the current locations of both the 20-day and 50-day SMAs, which price has just reclaimed. |
| $65.00 | $64.00 - $66.00 | Strong | The major swing low established following the sharp correction from the all-time high, representing a significant area of buyer accumulation. |
| $49.00 | $48.00 - $50.00 | Strong | Long-term support zone aligning with the rising 200-day SMA and a structural breakout area from prior to the massive rally. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $86.50 | $85.00 - $88.00 | Strong | The recent local peak reached after the initial bounce from the lows, also coinciding near the current upper Bollinger Band. |
| $112.00 | $110.00 - $114.00 | Strong | The extreme parabolic peak and all-time high on this chart segment, acting as ultimate major resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Higher Low / Nascent Uptrend | Bullish | $88.00 | After a massive drop to ~65, the price bounced to ~88, and recently pulled back to ~75. Finding support at 75 creates a 'higher low' compared to the 65 level, suggesting the formation of a new, more sustainable uptrend structure. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bullish because Price is rebounding strongly with a large green candle, moving back above the 20-day and 50-day SMAs. This is supported by a recent bullish MACD crossover, a positive and expanding MACD histogram, and an RSI that is rising with room before becoming overbought.. 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 $76.50 and $65.00. 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 82/100. 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.
View the full interactive analysis on StockDips.AI.