Weaker technical forecast for iShares Silver Trust as ETF downgraded to Buy Candidate

The iShares Silver Trust ETF price fell by -1.66% on the last day (Wednesday, 21st Jan 2026) from $85.39 to $83.97. During the last trading day the ETF fluctuated 4.88% from a day low at $81.89 to a day high of $85.89. The price has been going up and down for this period, and there has been a 13.97% gain for the last 2 weeks. Volume has increased on the last day by 38 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 137 million shares were bought and sold for approximately $11.50 billion.

The ETF lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $86.07 will firstly indicate a stronger rate of rising.Given the current short-term trend, the ETF is expected to rise 92.61% during the next 3 months and, with a 90% probability hold a price between $138.22 and $165.78 at the end of this 3-month period.

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 $82.01 and $65.60. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, January 20, 2026, and so far it has fallen -1.66%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the ETF should be followed more closely.

iShares Silver Trust finds support from accumulated volume at $83.32 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 $4.00 between high and low, or 4.88%. For the last week, the ETF has had daily average volatility of 3.95%.

Several short-term signals, along with a general good trend, are positive and 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.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Strong Buy to a Buy candidate.