The iShares Silver Trust (SLV) is trading at $68.62, up 2.6% with a composite score of 30, indicating a neutral to bearish stance, despite a 1-year return of 128.6%. The recent price action is flat, with a 1-month return of -1.8% and 3-month return of -5.3%, suggesting a short-term dislocation, while the options market implies an expected move of 2.5% heading into the Nvidia earnings report. With bearish news sentiment and a key risk being the impact of rising Treasury yields on commodities, the market is pricing whether SLV can maintain its 2021 momentum amidst growing inflation concerns.
Composite
30
/ 100
1M
-1.8%
3M
-5.3%
6M
+47.9%
1Y
+128.6%
Trend
FLAT
Sharpe
0.13
Fundamentals
From 52w High
-37.5%
From 52w Low
+130.5%
Research Digest
SLV fell 1.8% over the past month and 5.3% over the past quarter, with a 128.6% return over the past year. The ETF's current price is $74.5, with a 29-day trend expiration. The market regime is characterized as CRISIS, according to HMM.