$SLV pullback before the real bull trend starts?Silver looks to be trading in a large rising wedge, I could see the possibility of a pretty substantial pullback should price break down from the pattern.
We have the potential to fall between 30-60% from here should price break the pattern. The level to look for is a break of $22 on the downside,
Key stats
About ISHARES SILVER TRUST
Home page
Inception date
Apr 21, 2006
Structure
Grantor Trust
Dividend treatment
Distributes
Distribution tax treatment
Return of capital
Income tax type
Collectibles
Max ST capital gains rate
39.60%
Max LT capital gains rate
28.00%
Primary advisor
iShares Delaware Trust Sponsor LLC
Distributor
BlackRock Investments LLC
SLV gives investors direct exposure to silver by physically holding the metal in vaults in London. As such, investors get exposure to spot silver (determined by the London Silver Fix), less fund expenses. As this fund is considered a collectible for tax purposes, taxes on long-term gains are quite steep. Still, SLV provides stability for buy-and-hold strategies.
Classification
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other100.00%
Miscellaneous100.00%
Top 10 holdings
Silver Poised for Upside?SLV is setting up a strong case for a position trade. A similar situation recently played out with Palantir, although with greater risk involved due to being an individual stock, but we don't need to exclude the intrinsic value of precious metals. Multiple timeframes are showing technical confluence
Will Silver finally moon?Silver has been consolidating near its February 2021 highs for 8 months. Multiple patterns occurred within this range but most failed (see previous posts).
A breakout of a symmetrical triangle appears to be occurring tomorrow, 3/12. A small position was initiated today, and a daily close above 30.
SILVER & SLV TVC:SILVER AMEX:SLV
my thesis:
i see the silver price been trending strong throughout the long run. as long as silver trending up, i see its strong potential to reach price in between 35 to 38. i will keep looking for longs in the future as price always has its potential for uptrend.
for SLV
one more shakeout coming!As much as I hate to admit it, I think that we will have one more major shakeout that will be intense and will cause panic in the precious metals markets. The bullion banks are loaded up with shorts...and yes that could mean that a short squeeze ensues and takes metals up explosively. However, abs
SLV LONGThe SLV ETF has recently experienced a significant Change of Character (CHoCH), which is backed by strong volume. This type of move indicates that the price structure has shifted from bearish to bullish, with buyers stepping in as price action shows signs of strength.
What stands out is the 37K vol
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
SLV trades at 29.17 USD today, its price has risen 5.77% in the past 24 hours. Track more dynamics on SLV price chart.
SLV net asset value is 29.75 today — it's fallen 5.70% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
SLV assets under management is 14.68 B USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
SLV expense ratio is 0.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, SLV isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, SLV technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SLV shows the buy signal. See more of SLV technicals for a more comprehensive analysis.
Today, SLV technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating SLV shows the buy signal. See more of SLV technicals for a more comprehensive analysis.
No, SLV doesn't pay dividends to its holders.
SLV trades at a premium (2.53%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
SLV shares are issued by BlackRock, Inc.
SLV follows the LBMA Silver Price ($/ozt). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 21, 2006.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.