**SLV — iShares Silver Trust**
**Daily Chart Breakdown**
*Tuesday 5/12/26 – Intraday*
---
### 🔍 Key Observations
• SLV continues to maintain a very constructive higher timeframe structure overall despite today’s intraday pullback.
• Price recently:
➡️ Broke above the larger descending trendline resistance
➡️ Reclaimed the daily 50EMA
➡️ Continued establishing higher lows after the sharp February/March volatility flush
• Current price action around **76.30** still keeps SLV in bullish continuation territory overall unless we start seeing a true breakdown of the larger structure.
• The recent move into the **78+ area** confirms buyers are still defending dips aggressively.
---
### 📊 Key Levels to Watch
**Immediate Resistance**
• **78.34** → immediate breakout level
• **80.80** → major resistance
• **84.78** → larger breakout continuation zone
• **92.98 – 96.74** → macro resistance region
• **101.74+** → larger long-term continuation target
---
**Immediate Support**
• **75.76** → near-term support
• **73.84 – 73.64** → key support zone
• **72.99 – 71.67** → larger structure support
• **71.12** → major pivot support
• **68.03** → key downside defense level
---
### 📈 Technical Breakdown
Structurally, SLV has improved substantially over the past several weeks.
Important observations:
• Larger downtrend structure has already broken
• Daily trend has shifted into higher lows
• Buyers continue supporting pullbacks rather than allowing waterfall selling
The biggest thing traders need to avoid right now is confusing:
➡️ Normal consolidation
➡️ Minor retracements
➡️ Profit taking
with actual bearish reversals.
Silver historically moves in aggressive expansions followed by periods of digestion.
That does NOT automatically mean the trend is broken.
As long as:
• higher lows continue holding
• daily support zones remain intact
• the 50EMA continues flattening upward
the broader continuation thesis still remains favored.
---
### 📊 Volume & Trend Notes
• Volume has cooled considerably from the explosive January move, which is normal after large expansion phases.
• Trend structure currently favors:
➡️ accumulation/consolidation
rather than outright distribution.
Trend status:
• Short-term → bullish consolidation
• Intermediate trend → bullish
• Higher timeframe → strong bullish continuation
---
### ✅ Trading Plan
#### Bullish Scenario
Trigger: **hold above 73.64–73.84 support and reclaim 78.34**
Targets:
• PT1: **80.80**
• PT2: **84.78**
• PT3: **92.98 – 96.74**
Stop Loss:
• **below 73.50**
---
#### Bearish Scenario
Trigger: **loss of 71.12 with continuation**
Targets:
• PT1: **68.03**
• PT2: **67.35**
• PT3: **64.88**
Stop Loss:
• **back above 73.84**
---
### 📌 Summary
SLV still looks structurally strong overall despite today’s pullback.
Key points:
• Larger downtrend already broke
• Higher lows continue forming
• Buyers still defending key support zones
• Bullish continuation remains favored unless major structure is lost
Do not mistake normal consolidation and pullbacks for full trend reversals. That is how many traders get chopped out during strong higher timeframe continuation trends.
**Daily Chart Breakdown**
*Tuesday 5/12/26 – Intraday*
---
### 🔍 Key Observations
• SLV continues to maintain a very constructive higher timeframe structure overall despite today’s intraday pullback.
• Price recently:
➡️ Broke above the larger descending trendline resistance
➡️ Reclaimed the daily 50EMA
➡️ Continued establishing higher lows after the sharp February/March volatility flush
• Current price action around **76.30** still keeps SLV in bullish continuation territory overall unless we start seeing a true breakdown of the larger structure.
• The recent move into the **78+ area** confirms buyers are still defending dips aggressively.
---
### 📊 Key Levels to Watch
**Immediate Resistance**
• **78.34** → immediate breakout level
• **80.80** → major resistance
• **84.78** → larger breakout continuation zone
• **92.98 – 96.74** → macro resistance region
• **101.74+** → larger long-term continuation target
---
**Immediate Support**
• **75.76** → near-term support
• **73.84 – 73.64** → key support zone
• **72.99 – 71.67** → larger structure support
• **71.12** → major pivot support
• **68.03** → key downside defense level
---
### 📈 Technical Breakdown
Structurally, SLV has improved substantially over the past several weeks.
Important observations:
• Larger downtrend structure has already broken
• Daily trend has shifted into higher lows
• Buyers continue supporting pullbacks rather than allowing waterfall selling
The biggest thing traders need to avoid right now is confusing:
➡️ Normal consolidation
➡️ Minor retracements
➡️ Profit taking
with actual bearish reversals.
Silver historically moves in aggressive expansions followed by periods of digestion.
That does NOT automatically mean the trend is broken.
As long as:
• higher lows continue holding
• daily support zones remain intact
• the 50EMA continues flattening upward
the broader continuation thesis still remains favored.
---
### 📊 Volume & Trend Notes
• Volume has cooled considerably from the explosive January move, which is normal after large expansion phases.
• Trend structure currently favors:
➡️ accumulation/consolidation
rather than outright distribution.
Trend status:
• Short-term → bullish consolidation
• Intermediate trend → bullish
• Higher timeframe → strong bullish continuation
---
### ✅ Trading Plan
#### Bullish Scenario
Trigger: **hold above 73.64–73.84 support and reclaim 78.34**
Targets:
• PT1: **80.80**
• PT2: **84.78**
• PT3: **92.98 – 96.74**
Stop Loss:
• **below 73.50**
---
#### Bearish Scenario
Trigger: **loss of 71.12 with continuation**
Targets:
• PT1: **68.03**
• PT2: **67.35**
• PT3: **64.88**
Stop Loss:
• **back above 73.84**
---
### 📌 Summary
SLV still looks structurally strong overall despite today’s pullback.
Key points:
• Larger downtrend already broke
• Higher lows continue forming
• Buyers still defending key support zones
• Bullish continuation remains favored unless major structure is lost
Do not mistake normal consolidation and pullbacks for full trend reversals. That is how many traders get chopped out during strong higher timeframe continuation trends.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.