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 is exhibiting an extremely strong parabolic uptrend, characterized by a 'band walk' along the upper Bollinger Band and rising volume. While the MACD confirms bullish momentum, the RSI is in overbought territory (>70), suggesting the potential for short-term volatility or a mean reversion pullback. The long-term trend remains firmly positive with all major moving averages rising and aligned.
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SLV Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is in a steep parabolic uptrend, riding the upper Bollinger Band with strong volume support. The MACD lines are rising sharply with no signs of divergence yet, confirming strong momentum.
Long-term Sentiment (weeks to months): Bullish
The chart shows a robust long-term uptrend with the 20, 50, and 200-day SMAs stacked in perfect bullish alignment and sloping upwards. Price has successfully broken out of previous consolidation zones.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:16:14.218Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $85.00 | $84.00 - $86.00 | Weak | Minor consolidation zone prior to the most recent gap up. |
| $75.00 | $74.00 - $76.00 | Strong | Confluence of the rising 20-day SMA and a previous swing high/breakout area. |
| $61.00 | $60.00 - $62.00 | Strong | Major trend support aligned with the 50-day SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $91.75 | $91.49 - $92.00 | Weak | The upper Bollinger Band acts as dynamic resistance; price is currently testing this level. |
| $97.50 | $95.00 - $100.00 | Strong | Psychological round number resistance zone as price is in discovery mode above historical data shown. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Advance | Bullish | N/A | Price action has become nearly vertical, accelerating away from moving averages. |
| Strong | Bollinger Band Walk | Bullish | N/A | Candles are consistently closing near or above the upper Bollinger Band, indicating extreme trend strength. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bullish because Price is in a steep parabolic uptrend, riding the upper Bollinger Band with strong volume support. The MACD lines are rising sharply with no signs of divergence yet, confirming strong momentum.. 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 $85.00 and $75.00. 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 7/100. It is not 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.
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