| SLV latest price $26.1900 (-2.57%) ($25.4800 - $26.3750) on Fri. Aug. 7, 2020. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.57% (three month average) |
RSI | 84 |
Latest Price | $26.1900(-2.57%) |
Stocks Behave Similarly | Similar Stock List |
Top Holdings | Top Holding List |
Daily Trend | SLV advances 2.9% a day on average for past five trading days. |
Weekly Trend | SLV advances 10.9% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Broad based rally for small cap. |
Correlated ETFs | Broad market will support SLV advance at 0% a week (0% probability) SIL(82%) GLD(80%) GDXJ(79%) GDX(77%) XME(41%) |
Factors Impacting SLV price | SLV will decline at least -1.285% in a week (0% probabilities). UUP(-33%) VIXM(-19%) VXX(-9%) IGOV(-8%) TBT(-7%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.285% (StdDev 2.57%) |
Hourly BBV | 0.6 () |
Intraday Trend | -0.4% |
| |
|
|