iShares Silver Trust · SLV
commodityLast updated: February 26, 2026
Capital has been gradually leaving iShares Silver Trust. The Flow & Accumulation Score sits at 27/100, with Chaikin Money Flow at -0.01 indicating net selling pressure over the past 20 trading days. The broader trend remains positive, with the Trend & Momentum Score at 73/100, though not at its strongest. However, the divergence between trend and flow is worth watching — price is rising but volume-based indicators suggest the move lacks broad participation.
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Where is money flowing?
VWAP: Above 50d ($79.22) and 200d ($63.43)
Capital is leaving iShares Silver Trust. The Flow & Accumulation Score reads 27/100, indicating distribution — selling pressure is outweighing buying pressure over the measurement period. The 20-day Chaikin Money Flow reads -0.01, marginally negative over the measurement period. Volume is notably thin at just 0.4x the 20-day average — any price moves today carry less conviction due to low participation.
What is the trend?
| MA Period | Value | Price vs MA | Distance |
|---|---|---|---|
| 10-day | 74.17 | Above | +8.5% |
| 21-day | 77.13 | Above | +4.3% |
| 50-day | 75.10 | Above | +7.1% |
| 100-day | 61.14 | Above | +31.6% |
| 200-day | 47.86 | Above | +68.1% |
The trend in iShares Silver Trust is positive. The Trend & Momentum Score reads 73/100, with price above the key 50-day and 200-day moving averages — the intermediate and long-term trend structure is intact. Price is 68.1% above the 200-day moving average — a substantial distance that reflects the strength of the long-term move but also suggests the asset is far from its long-term mean.
Is momentum building or fading?
Momentum signals are mixed. The 10-day rate of change reads 5.1%, the 21-day -20.8%, and the 63-day 72.5% — no clear alignment across timeframes. RSI at 54 sits near the midline — momentum is essentially neutral, with neither buyers nor sellers showing clear dominance.
How extended is this move?
Price is 7.1% above the 50-day moving average (52nd percentile of its historical range). Bollinger Band %B at 0.64 shows price in the upper half of its recent volatility range. Bollinger Bandwidth at 0.446 shows expanded volatility — the asset is making larger-than-normal moves. High bandwidth typically follows a breakout or breakdown and can persist during trending moves.
Where are the key levels?
$108.36 – $111.30
$73.28 – $78.01
The nearest support reference is $73 — $78, 6% below — SMA-10 at $74, SMA-50 at $75, and SMA-21 at $77. The nearest resistance reference is $108 — $111, 37% above — intermediate swing at $110. The volume Point of Control over the past year sits at $34, where the most trading activity occurred — a significant level if price revisits that area. The 52-week high at $110 sits 37% above, with price at the 65% mark of its annual range.
How does this compare?
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What risk am I taking?
The risk-return profile of iShares Silver Trust is good. The Risk Profile Score reads 71/100 — the return adequately compensates for the risk involved, with no major red flags in the drawdown or volatility metrics. The 1-year Sortino Ratio of 2.1 is strong — returns have been well above what the downside volatility would justify. Maximum drawdown over the past year was -37.1%, indicating the losses, when they came, were contained. Beta of 0.26 indicates very low correlation to the broader market — iShares Silver Trust moves largely independently of equity market swings.
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Direction Assessment
Confirmed uptrend with capital inflow
Uptrend without volume support
Capital flowing in, trend not yet established
Downtrend with capital outflow
Good risk/reward. Standard positioning appropriate.
The combined signal flags a warning. The trend reads 73/100 — positive — but flow lags at 27/100. Price is rising without strong volume support, which can indicate a move that lacks conviction. The Risk Profile Score at 71/100 provides some comfort on the risk side, even as the flow divergence raises questions.
Conclusion
The picture for iShares Silver Trust is mixed. While the trend structure remains positive, the flow and volume data are not confirming — a combination that warrants attention. No single indicator is at an extreme — the readings are within normal ranges across the framework, which itself is informative. These scores update daily as new data arrives. Flipside does not predict what happens next — it shows what is happening now, grounded in the data. The divergence between trend and flow is the kind of tension that often resolves with a decisive move — monitoring how this develops over the coming sessions will be important.