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 November 25, 2024, SLV stock price declined to $27.63 with 20,908,153 million shares trading.

SLV has a beta of 0.62, meaning it tends to be less sensitive to market movements. SLV has a correlation of 0.06 to the broad based SPY ETF.

SLV has a market cap of $14.42 billion. This is considered a Large Cap stock.

In the last 3 years, SLV traded as high as $31.80 and as low as $16.19.

SLV has underperformed the market in the last year with a price return of +27.5% while the SPY ETF gained +32.9%. SLV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +4.7% and -3.0%, respectively, while the SPY returned +7.7% and -0.1%, respectively.

SLV support price is $27.95 and resistance is $28.99 (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 shares will trade within this expected range on the day.