The Greedy Trader Weekly Analysis
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- 7/2/2026 -
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iShares Silver Trust (SLV) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold area
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It was a first positive week after 7 consecutive negative weeks for the iShares Silver Trust (SLV). During the week, the SLV gained 1.74 points, or 3.27%, and closed at 55.02 on Thursday, July 2, 2026. It was the best weekly gain since May 8, 2026. Weekly volume was -68% below 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 109.83 on January 29, 2026. SLV gained -98.97 points, or -911.33%, in 306 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (25.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 109.83 on January 29, 2026. SLV gained -93.64 points, or -578.38%, in 178 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (33.02) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 weekly MACD line is below its signal line since March 13, 2026. Use the following link to access a MACD help.

Short-term trend: [See SLV short-term trend chart]
A short-term downtrend had started on May 13, 2026 at 80.86 and reached 50.31 on June 24, 2026. SLV lost 30.55 points, or 37.78%, in 42 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See SLV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since May 18, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.56
Williams' Percentage Range (W%R) 72.40
Lane's Stochastic (%D-Slow) 27.27
Greed/Fear Indicator (GFI) 29.80
Moving Average Converg./Diverg. (MACD) -3.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.91
Williams' Percentage Range (W%R) 86.30
Oversold
Lane's Stochastic (%D-Slow) 14.57
Oversold
Greed/Fear Indicator (GFI) 24.29
Moving Average Converg./Diverg. (MACD) 2.89
Trading Signals
Description Value Chart
Upper Bollinger Band 66.82
50 Day Moving Average 65.02
Parabolic System 60.29
20 Day Moving Average 58.14
Price 55.02
Weekly Stochastic Crossing 53.50
Daily Stochastic Crossing 52.10
Lower Bollinger Band 49.62
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 80.86
High Date 05/13/2026
Low 50.31
Low Date 06/24/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.83
High Date 01/29/2026
Low 50.31
Low Date 06/24/2026
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 41.99
Support 36.42
Low 18.97
Low Date 10/04/2023
High 109.83
High Date 01/29/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 38.21
Support 33.02
Low 16.19
Low Date 09/01/2022
High 109.83
High Date 01/29/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 18.31
Support 25.02
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.