Is Silver the Next GameStop? (Answer: No)
Let's be honest: for every story published about a new millionaire minted by the GameStop and AMC fiasco, there were twice as many people on the losing side of the trade. Steep declines off GameStop's $400+ peak have arguably hurt more people than the short-lived gains helped.
This week, participants on online forums suggested that a buying spree of silver could generate big GameStop-like gains, and while there was a short-term rally in iShares Silver Trust, the ETF is now flat for the year.
Bottom line: creating a short squeeze in silver is impossible. In order to create a GameStop-like income in the commodity, an investor would need to hold large quantities of the metal. Most retail investors don't have any, and would have a challenging time building up a position -- given the $50 billion market for coins, bars, and other silver investments -- and given restrictions on the size of positions that retail investors can take.
Predictably, the rally didn't last very long, and shares of silver producers are plummeting. First Majestic Silver shares have fallen over -20% and Hecla Mining is off nearly as much. My advice to retail investors as more of these online forum-driven trade ideas pop-up: steer clear.
If you want to invest in silver, take a look at Artificial Intelligence driven analysis and trade ideas (below). Don't get advice from Reddit.
SLV's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for SLV turned positive on August 22, 2025. Looking at past instances where SLV's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on August 28, 2025. You may want to consider a long position or call options on SLV as a result. In of 97 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
SLV moved above its 50-day moving average on August 20, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SLV advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 221 cases where SLV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 13 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
SLV broke above its upper Bollinger Band on August 29, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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General Information
Category CommoditiesBroadBasket
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