Volatile ride for iShares Silver Trust ETF price on Thursday moving between $96.74 and $109.83

The iShares Silver Trust ETF price gained 0.0284% on the last trading day (Thursday, 29th Jan 2026), rising from $105.54 to $105.57. It has now gained 6 days in a row. It is not often that ETF manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the ETF fluctuated 13.53% from a day low at $96.74 to a day high of $109.83. The price has risen in 7 of the last 10 days and is up by 24.85% 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, 67 million more shares were traded than the day before. In total, 244 million shares were bought and sold for approximately $25.72 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 $90.88, a level that may pose a second chance to hit a runner.

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 $96.44 and $73.46. 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 63.80%. 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.

iShares Silver Trust finds support from accumulated volume at $105.54 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 $13.09 between high and low, or 13.53%. For the last week, the ETF has had daily average volatility of 8.25%.

The iShares Silver Trust ETF is extremely overbought on RSI14 (89). 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.Since the iShares Silver Trust has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the ETF is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

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 Hold to a Strong Buy candidate.