- Post-Crash Rebound: The ETF is attempting to stabilize after a historic, AI-panic-induced crash in late January, where silver prices plummeted over 35% in a single day.
- Leveraged ETF Activity: Recent news highlighted significant volatility in related leveraged products (e.g., 2x Long Silver ETFs), indicating extreme speculative sentiment and potential short-term covering rallies.
- Physical Market Tightness: Despite price volatility, underlying physical silver inventories in key markets like China are at decade lows, providing a fundamental floor for industrial demand.
Analyst Targets: While specific SLV targets are scarce, the prevailing analyst view on silver has shifted from euphoria to caution post-crash, with many awaiting confirmation of a bottom formation.Weekly Outlook: Expect consolidation between $68.5 - $71.5. A sustained break above $71.25 could target a move toward $73. Failure to hold $68.86 may lead to a retest of recent lows near $67.73.
$iShares Silver Trust(SLV)$ Core Drivers:
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