The iShares Silver Trust ETF (SLV) has shown significant bullish momentum, breaking through a robust upward trend. The current price is $92.93. According to Fan Theory, the next potential peak is projected at $93.29. Longer-term analysis suggests a potential change of 114.33% over the next three months, with possible returns ranging from 74.19% to 94.68%. A 12-month forecast indicates a projected change of 110.87%, placing the future price between $108.01 and $155.87. The ETF experienced a strong day, gaining 6.66% on the last trading day, closing at $92.93, and has risen in seven of the past ten days, showing a 33.3% increase over the last two weeks. Volume increased alongside the price, a positive technical sign. The ETF holds buy signals from both short and long-term Moving Averages. A Golden Star signal was identified on November 6, 2025, and a buy signal from a pivot bottom on December 31, 2025, after which the price rose 44.18%. Further rise is indicated until a new top pivot is found. The MACD also shows a buy signal. Support for SLV is found at $84.56 and $83.32. The weekly volatility is high at 3.54%, and the overall risk is classified as high. The price-to-earnings ratio is extremely high at 57,862.47, suggesting overvaluation. The suggested stop-loss is $89.77, representing a 3.40% decline from the current price. Although the ETF holds several positive signals, due to minor technical weaknesses, our analysis has downgraded it from a Strong Buy to a Hold/Accumulate candidate. For Monday, January 26, 2026, SLV is anticipated to open lower by $1.07 at $91.85.