The Greedy Trader Weekly Analysis
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- 8/28/2026 -
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iShares Silver Trust (SLV) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend support lineWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SAR
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It was the negative week for the iShares Silver Trust (SLV). During the week, the SLV dropped -2.70 points, or -4.30%, and closed at 60.02 on Friday, August 28, 2026. Weekly volume was -60% below average.

Long-term trend: [See SLV long-term trend chart]
A long-term uptrend had started on September 1, 2022 at 16.19 and reached 109.83 on January 29, 2026. SLV gained -93.64 points, or -578.38%, in 178 weeks. The price is now at the 53.19% retracement level.

Medium-term trend: [See SLV medium-term trend chart]
A medium-term downtrend had started on January 29, 2026 at 109.83 and reached 49.61 on July 17, 2026. SLV lost 60.22 points, or 54.83%, in 24 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (45.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. SLV may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See SLV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 13, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 17, 2026 at 49.61 and reached 64.31 on August 28, 2026. SLV gained -14.70 points, or -29.63%, in 42 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (61.67) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 2, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.86
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 74.69
Bearish
Greed/Fear Indicator (GFI) 74.56
Moving Average Converg./Diverg. (MACD) 1.57 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.47
Williams' Percentage Range (W%R) 54.20
Lane's Stochastic (%D-Slow) 53.05
Greed/Fear Indicator (GFI) 48.30
Moving Average Converg./Diverg. (MACD) -1.31
Trading Signals
Description Value Chart
Weekly Trendline Resistance 65.17
Upper Bollinger Band 64.81
Parabolic System 63.27
Daily Stochastic Crossing 62.74
Weekly Trendline Support 61.67
Price 60.02
20 Day Moving Average 58.98
Weekly Stochastic Crossing 58.83
50 Day Moving Average 55.62
Lower Bollinger Band 53.52
Monthly Trendline Resistance 51.09
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 63.21
Low Date 08/21/2026
High 64.31
High Date 08/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 65.17
Support 61.67
Low 49.61
Low Date 07/17/2026
High 64.31
High Date 08/28/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 51.09
Support 45.42
High 109.83
High Date 01/29/2026
Low 49.61
Low Date 07/17/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 16.19
Low Date 09/01/2022
High 109.83
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.86
Low Date 03/18/2020
High 109.83
High Date 01/29/2026
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.