Silver Market Analytics

Currently at 60.5, in the 50th percentile historically. Gold/silver ratio is elevated on a long-term basis, indicating silver is inexpensive relative to gold (bullish for silver)..

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Commercial Positioning

Commercials net short 19,545 contracts. Neutral positioning.

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Technical Analysis

Technical indicators lean bullish (2 bullish, 1 bearish signals).

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Real Interest Rates

Real rates elevated at 2.06%. Creates headwind for non-yielding assets.

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Price Momentum

Multi-timeframe momentum score: 92/100 (Strong Bullish). Based on 1-12 month returns vs historical norms.

Technical Signals - Silver

RSI Oversold

Moving Averages 50-day above 200-day (bullish trend)

Price vs 50 SMA Below (Bearish)

Bollinger Bands Within Bands

22.4

RSI (14)

$76.19

50 SMA

$66.18

200 SMA

Indicators based on daily closing prices · as of 2026-05-29

Momentum Score 92/100

Bearish Neutral Bullish

Multi-horizon time-series momentum based on daily closes · as of 2026-05-29

Gold/Silver Ratio Analysis

60.5 current ratio

Gold/silver ratio is elevated on a long-term basis, indicating silver is inexpensive relative to gold (bullish for silver).

58.3

Mean

60.7

Median

10.7

Min

125.9

Max

COT Positioning Details

Commercials Net -19,545

Managed Money Net 10,055

Neutral positioning · as of 2026-05-26

COMEX Inventory

Registered 84M oz

Eligible 232M oz

Total 316M oz

Levels based on daily COMEX warehouse report (registered/eligible closes) · as of 2026-05-29

ETF Holdings

SLV 486M oz

PSLV 219M oz

SLV & PSLV holdings in millions of ounces (daily published closes) · SLV as of 2026-05-29, PSLV as of 2026-05-29

Macro Environment

10Y Treasury

4.45%

As of 2026-05-28

Real Rate

2.06%

Positive (headwind)

M2 Money Supply

$22.8T

As of 2026-04-01

Silver/M2 Ratio

3.32

Silver priced in M2 terms (latest silver close vs latest M2) · as of 2026-04-01

Silver Price History

Gold/Silver Ratio

Market Insights

Macro Environment

COT Net Positioning - Silver