SLV

SLV remains in a pronounced Stage 4 decline characterized by a clear sequence of lower highs and lower lows below all key EMAs, confirming supply dominance and sustained downward momentum. RSI is in extreme oversold territory, suggesting limited downside extension and a higher probability of choppy relief rallies. Under a Speculative strategy requiring high selectivity, the optimal approach is to defer bearish entries and trim into rallies toward the declining 9- and 20-period EMAs, awaiting rejection signals before adding further exposure.

• ↑323.6K options traded July 7, 66.6% calls, indicating bullish interest.
• ↑SLV rebounded 5.1% last week after early-month selloff, showing recovery potential.
• ↓SLV is below its 50- and 200-day SMAs, indicating a downtrend.