SLV – Technical Market Research
Comprehensive technical analysis of SLV (iShares Silver Trust) following a -4.96% session: price action in the post-January correction, RSI approaching oversold territory, silver supply/demand fundamentals, and Fed rate sensitivity.
Published March 16, 2026 | Commodity | SLV
Sophia Marquez
Commodities & Macro Analyst · Blue Ocean Trading Solutions
Technical Overview
The iShares Silver Trust shed 4.96% on March 13, closing at $72.69 — the sharpest single-session decline in the current corrective phase and a move that carried the trust to its lowest close since late January's historic crash. That session printed volume of approximately 44.7 million shares, meaningfully below the trailing average of 109.6 million. The below-average volume on a down day warrants attention: it suggests this leg lower is not a panic liquidation event but rather a methodical unwinding, possibly from institutional players managing risk ahead of the Federal Reserve's March 18–19 policy meeting.
