iShares Silver Trust ETF downgraded to Sell Candidate

The iShares Silver Trust ETF price fell by -3.91% on the last day (Monday, 2nd Feb 2026) from $75.39 to $72.44. During the last trading day the ETF fluctuated 9.76% from a day low at $68.26 to a day high of $74.92. The price has risen in 7 of the last 10 days but is still down by -10.55% for this period. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -290 million shares and in total, 215 million shares were bought and sold for approximately $15.58 billion.

Given the current short-term trend, the ETF is expected to rise 99.21% during the next 3 months and, with a 90% probability hold a price between $144.31 and $213.79 at the end of this 3-month period.

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The iShares Silver Trust ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the ETF. On corrections up, there will be some resistance from the lines at $93.11 and $74.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, January 29, 2026, and so far it has fallen -31.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

iShares Silver Trust finds support from accumulated volume at $71.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This ETF may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this ETF is considered to be "very high risk". During the last day, the ETF moved $6.66 between high and low, or 9.76%. For the last week, the ETF has had daily average volatility of 14.01%.

The iShares Silver Trust ETF holds several negative signals and despite the positive trend, we believe iShares Silver Trust will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Sell candidate.