iShares Silver Trust ETF upgraded from Buy Candidate to Strong Buy Candidate after Thursday trading session

The iShares Silver Trust ETF price gained 3.75% on the last trading day (Thursday, 22nd Jan 2026), rising from $83.97 to $87.12. During the last trading day the ETF fluctuated 3.32% from a day low at $84.71 to a day high of $87.52. The price has risen in 6 of the last 10 days and is up by 22.76% over the past 2 weeks. Volume fell on the last day by -52 million shares and in total, 85 million shares were bought and sold for approximately $7.37 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $83.10, a level that may pose a second chance to hit a runner. According to fan-theory $91.88 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

Mostly positive signals in the chart today. 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 $83.42 and $66.59. 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 35.17%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The ETF should be watched closely.

iShares Silver Trust finds support from accumulated volume at $84.56 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 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 $2.81 between high and low, or 3.32%. For the last week, the ETF has had daily average volatility of 3.75%.

The iShares Silver Trust ETF is extremely overbought on RSI14 (78). 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.

Several short-term signals are positive and the ETF has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for iShares Silver Trust ETF to perform well in the short-term period.We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.