SLV Stock Summary and Trading Ideas (iShares Silver Trust | ARCA:SLV)

The objective of the iShares Silver Trust is for the value of the shares of the iShares Silver Trust to reflect at any given time the price of silver owned by the iShares Silver Trust at that time less the iShares Silver Trusts expenses and liabilities.

iShares Silver Trust trades on the ARCA stock market under the symbol SLV.

As of April 19, 2024, SLV stock price climbed to $26.20 with 27,928,255 million shares trading.

SLV has a beta of 0.31, meaning it tends to be less sensitive to market movements. SLV has a correlation of 0.02 to the broad based SPY ETF.

SLV has a market cap of $12.10 billion. This is considered a Large Cap stock.

In the last 3 years, SLV stock traded as high as $27.24 and as low as $16.19.

SLV stock has underperformed the market in the last year with a return of +13.2%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SLV shares. However, SLV has outperformed the market in the last 3 month and 2 week periods, returning +25.9% and +7.0%, while SPY returned +4.3% and -3.5%, respectively. This indicates SLV has been having a stronger performance recently.

SLV support price is $25.36 and resistance is $26.36 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLV stock will trade within this expected range on the day.