iShares Silver Trust (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 within a secular bull market following its decisive multi-year breakout from a decade-long base, despite an aggressive short-term corrective selloff. The current retracement has breached the 20-month moving average, bringing the price toward crucial multi-year trend support anchored by the rising 50-month SMA near 34.50. As long as price holds above the primary secular support base between 24.00 and 34.00, the long-term structural uptrend remains intact.
Included In Lists
Related Tickers of Interest
SLV Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has undergone a sharp multi-month decline from highs above 100, dropping below the 20-month SMA (51.18) with monthly RSI falling steeply from overbought territory into neutral (47.78).
Long-term Sentiment (weeks to months): Bullish
The secular structure remains intact following a massive multi-year base breakout, with price holding well above the rising 50-month SMA (34.52) and 200-month SMA (24.01).
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $35.00 | $34.00 - $36.00 | Strong | Confluence of the rising 50-month SMA and the 2011-2012 secondary structural shelf. |
| $25.00 | $24.00 - $26.00 | Strong | Major secular breakout level and the rising 200-month SMA defining the multi-year base top. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $53.00 | $51.00 - $55.00 | Moderate | Prior support turned resistance coinciding with the 20-month SMA midline. |
| $82.50 | $80.00 - $85.00 | Strong | Upper Bollinger Band zone and previous multi-month consolidation cluster prior to the peak. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Secular Base Breakout | Bullish | N/A | Multi-year rounding bottom base spanning from 2013 to 2024 that broke out aggressively to the upside, currently experiencing a deep post-breakout pullback. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bearish because Price has undergone a sharp multi-month decline from highs above 100, dropping below the 20-month SMA (51.18) with monthly RSI falling steeply from overbought territory into neutral (47.78). 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 $35.00 and $25.00. 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 53/100. 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.
View the full interactive analysis on StockDips.AI.