SLV Weekly 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
The weekly chart displays a textbook parabolic blow-off top, peaking near 115 before initiating a violent, high-volume correction. Short-term momentum is decisively bearish as the market digests extreme overbought conditions, indicated by a steeply falling RSI. However, for long-term investors, the broader structural trend remains firmly bullish; the asset has simply broken out of a multi-year base and is currently undergoing a painful but necessary mean-reversion toward its longer-term moving averages. Expect continued extreme volatility as price seeks to establish a new floor.
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SLV Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is undergoing a severe mean-reversion following a parabolic blow-off top, characterized by massive volume on the reversal, a sharply plunging RSI from extreme overbought levels (~90), and declining MACD histogram momentum.
Long-term Sentiment (weeks to months): Bullish
Despite the violent short-term correction, the macro structure remains solidly intact. Price is still substantially above the rising 50-week and 200-week SMAs, which are in bullish alignment following a multi-year base breakout.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:02:23.925Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $60.00 | $55.00 - $65.00 | Weak | Dynamic support zone around the steeply rising 20-week SMA (currently 60.60), representing the first logical pause in a deep correction. |
| $42.50 | $40.00 - $45.00 | Strong | Major structural support. This zone marks the consolidation plateau and primary breakout level prior to the final parabolic ascent, aligning with the current trajectory of the 50-week SMA. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $90.00 | $85.00 - $95.00 | Weak | Immediate overhead supply zone formed by the recent lower highs on weekly candles as price attempts to bounce or consolidate during the sell-off. |
| $115.00 | $110.00 - $120.00 | Strong | The absolute peak of the parabolic blow-off top; represents massive overhead resistance and trapped buyers. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Parabolic Blow-off Top | Bearish | N/A | A vertical, exponential price ascent on climax volume, followed by an immediate, sharp reversal (long upper wicks and strong red candles), signaling exhaustion of buyers and a severe shift in momentum. |
Frequently Asked Questions about SLV
What is the current sentiment for SLV?
The short-term sentiment for SLV is currently Bearish because Price is undergoing a severe mean-reversion following a parabolic blow-off top, characterized by massive volume on the reversal, a sharply plunging RSI from extreme overbought levels (~90), and declining MACD histogram 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 $60.00 and $42.50. These levels may represent potential accumulation zones where buying interest could emerge.
Is SLV in a significant dip or a Value Dip right now?
StockDips.AI does not yet have a Value Score for SLV. 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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