Why did SLV stock pull back after making new highs?

After a silver price surge, SLV stock traded above the Bollinger upper band, with RSI at 85. This overbought setup often draws profit‑taking. Volume was nearly 2x average, so even small shifts in order flow can move price quickly as short covering and momentum buying pause.

Is there a short squeeze risk in SLV right now?

Yes, but it cuts both ways. Elevated ADX, strong OBV, and high MFI show aggressive buying that can pressure shorts. If price holds near highs, covering can extend gains. If momentum fades, late longs can unwind just as fast, reducing squeeze potential.

How should Canadian investors manage currency when buying SLV?

SLV is in USD, so CAD returns reflect silver plus FX. Some investors accept USD exposure for diversification, while others hedge with FX products or keep a USD cash sleeve. Compare conversion costs, account type, and holding period before deciding on a hedge approach.

What near‑term levels matter for SLV stock?

On strength, watch the recent $71.23 high. On cooling momentum, a close back inside the Bollinger band near 67.95 would hint at reversion. Deeper pullbacks toward the Keltner middle around 58.47 would reset overbought signals and could offer cleaner risk‑reward entries.

Is SLV a buy, sell, or hold today?

Signals are mixed. Trend and momentum favor patience on shorts, but overbought readings argue for caution on fresh longs. Our system grade is B with a Hold suggestion. Many traders prefer buying planned pullbacks or waiting for a base rather than chasing breakouts.

Global Market Insights

SLV Stock Today: December 30 — Silver’s Record Run Fuels Short Debate

ByHuzaifa Zahoor December 31, 2025December 31, 2025

SLV stock is front and centre on December 30 after silver’s record run and a sharp intraday pullback. We see heavy momentum, tight supply chatter, and talk of short covering. Early in the session, SLV traded near recent highs, but sellers tested bids as volatility rose. For Canadian investors, the iShares Silver Trust tracks spot silver in USD, so returns include currency swings. Below we break down price action, technicals, and a balanced view on short squeeze risk to help shape trading plans.