SLV - High Ho SIlver Away
High Ho Silver: The Pullback That Could Launch the Next Leg By Shane Published: May 2026 A few weeks ago I titled a piece “High Ho Silver!” — half cheer, half battle cry — as silver was riding high after an explosive 2025 and early 2026 run. The metal had already delivered life-changing gains for many, surging over 130-140% in 2025 alone. But markets don’t move in straight lines, and right now we’re staring at a healthy (and maybe necessary) pullback. Silver is currently trading in the $75–$77 range, with SLV (iShares Silver Trust) hovering around $68–$69. After hitting highs near $120 earlier this year, we’ve given back some ground. For a “poor boy” stacking on a budget like me, this moment feels like decision time. The Setup: Coiled, Not Broken Technically, SLV has pulled back from its short-term trend channel and is testing key support zones. Short-term indicators (RSI around 43–46, price sitting below the 20- and 50-day moving averages) lean neutral to cautious. But t...