High volatility in iShares Silver Trust ETF price on Monday which ended trading at $98.34

The iShares Silver Trust ETF price gained 5.83% on the last trading day (Monday, 26th Jan 2026), rising from $92.93 to $98.34. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the ETF fluctuated 10.55% from a day low at $96.52 to a day high of $106.70. The price has risen in 7 of the last 10 days and is up by 35.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 234 million more shares were traded than the day before. In total, 373 million shares were bought and sold for approximately $36.66 billion.

The ETF has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $85.89, a level that may pose a second chance to hit a runner.

The iShares Silver Trust ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the ETF. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $87.44 and $69.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, December 31, 2025, and so far it has risen 52.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the ETF finds support just below today's level from accumulated volume at $92.93 and $84.56.There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, iShares Silver Trust finds support just below today's level at $92.93. If this is broken, then the next support from accumulated volume will be at $84.56 and $83.32.

This ETF may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this ETF is considered to be "high risk". During the last day, the ETF moved $10.19 between high and low, or 10.55%. For the last week, the ETF has had daily average volatility of 4.95%.

The iShares Silver Trust ETF is extremely overbought on RSI14 (81). Normally this may pose a good selling opportunity but since the ETF has broken the trend up, the chance for a major correction due to high RSI is very small as the ETF will find support at the trend broken.

iShares Silver Trust holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.