SLV – Technical Market Research
Silver corrects 40% from January highs as RSI nears oversold territory. SLV at $65.21 — supply deficits persist but solar substitution reshapes the demand picture.
Published March 26, 2026 | Commodity | SLV
Sophia Marquez
Commodities & Macro Analyst · Blue Ocean Trading Solutions
Technical Overview
The supply picture suggests silver has entered a phase of technical digestion after one of the most violent commodity rallies in recent memory. SLV closed at $65.21 on March 25, capping a modest single-day bounce of 3.6% — but that move comes against a backdrop of sustained deterioration from the January peak. The iShares Silver Trust traced a six-month arc that is now textbook parabolic-and-correct: a relentless surge from $41.86 at the end of September 2025 to an intraday high of $109.83 on January 29, followed by a structured breakdown that has now retraced over 40% of the entire advance.
