The Greedy Trader Weekly Analysis
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- 6/6/2025 -
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iShares Silver Trust (SLV) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe price is above the upper Bollinger Band
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It was a first positive week for the iShares Silver Trust (SLV). During the week, the SLV gained 2.69 points, or 8.97%, and closed at 32.69 on Friday, June 6, 2025. Weekly volume was 66% above average.

Long-term trend: [See SLV long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 10.86 and reached 32.98 on June 6, 2025. SLV gained -22.12 points, or -203.68%, in 272 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (22.61) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See SLV medium-term trend chart]
A medium-term uptrend had started on September 1, 2022 at 16.19 and reached 32.98 on June 6, 2025. SLV gained -16.79 points, or -103.71%, in 144 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.86 and resistance is at 34.79. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See SLV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See SLV short-term trend chart]
A short-term uptrend had started on April 4, 2025 at 26.57 and reached 32.98 on June 6, 2025. SLV gained -6.41 points, or -24.12%, in 63 days. Price is near the trend high.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 19, 2025. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.53
Williams' Percentage Range (W%R) 1.50
Strong Overbought
Lane's Stochastic (%D-Slow) 91.31
Strong Overbought
Greed/Fear Indicator (GFI) 88.76
Overbought
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.68
Williams' Percentage Range (W%R) 0.90
Strong Overbought
Lane's Stochastic (%D-Slow) 72.94
Greed/Fear Indicator (GFI) 75.70
Moving Average Converg./Diverg. (MACD) 0.58
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 34.79
Price 32.69
Daily Stochastic Crossing 32.64
Upper Bollinger Band 32.62
Weekly Stochastic Crossing 31.73
20 Day Moving Average 30.40
Parabolic System 30.26
50 Day Moving Average 29.88
Quarterly Trendline Support 28.86
Lower Bollinger Band 28.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 26.57
Low Date 04/04/2025
High 32.98
High Date 06/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.19
Low Date 12/19/2024
High 32.98
High Date 06/06/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.97
Low Date 10/04/2023
High 32.98
High Date 06/06/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 34.79
Support 28.86
Low 16.19
Low Date 09/01/2022
High 32.98
High Date 06/06/2025
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 20.21
Support 22.61
Low 10.86
Low Date 03/18/2020
High 32.98
High Date 06/06/2025
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.