Silver Market Analytics

Currently at 62.2, in the 52th percentile historically. Gold/silver ratio is elevated on a long-term basis, indicating silver is inexpensive relative to gold (bullish for silver)..

▬

Commercial Positioning

Commercials net short 16,659 contracts. Neutral positioning.

▬

Technical Analysis

Technical indicators are mixed.

▼

Real Interest Rates

Real rates elevated at 2.16%. Creates headwind for non-yielding assets.

▲

Price Momentum

Multi-timeframe momentum score: 80/100 (Bullish). Based on 1-12 month returns vs historical norms.

Technical Signals - Silver

RSI Neutral

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

Price vs 50 SMA Below (Bearish)

Bollinger Bands Within Bands

33.2

RSI (14)

$75.61

50 SMA

$68.04

200 SMA

Indicators based on daily closing prices · as of 2026-06-12

Momentum Score 80/100

Bearish Neutral Bullish

Multi-horizon time-series momentum based on daily closes · as of 2026-06-12

Gold/Silver Ratio Analysis

62.2 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 -16,659

Managed Money Net 10,403

Neutral positioning · as of 2026-06-09

COMEX Inventory

Registered 85M oz

Eligible 234M oz

Total 319M oz

Levels based on daily COMEX warehouse report (registered/eligible closes) · as of 2026-06-12

ETF Holdings

SLV 481M oz

PSLV 216M oz

SLV & PSLV holdings in millions of ounces (daily published closes) · SLV as of 2026-06-12, PSLV as of 2026-06-12

Macro Environment

10Y Treasury

4.45%

As of 2026-06-11

Real Rate

2.16%

Positive (headwind)

M2 Money Supply

$22.8T

As of 2026-04-01

Silver/M2 Ratio

2.99

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