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SLV

iShares Silver TrustClose $68.36EOD only

Max Pain

$71.00

Next expiry May 27, 2026

Expected Move

±$2.52

3.7% from close

Price Gap

+2.64

Distance to max pain

IV Rank

Low premium

P/C OI

0.52

Slightly call-heavy

Consensus

5.5/10

Range bias

Published snapshot: May 22, 2026 close

End-of-day snapshot

This page reflects SLV options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 22, 2026 close

SLV Flow Report

Analysis based on market close May 26, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

9 / 10

base 5; +2 GEX/flow strongly aligned; +1 GEX positive (pinning); +1 spot 0.4% from MP; +1 VIX 17

Watch next session: High vol/oi call strikes near expiration

Flow Summary

Net premium: +$21.3M bullish

P/C volume ratio: 0.36

P/C OI ratio: 0.52

SLV sees heavy call accumulation with unusual prints, net premium $21.3M, low put/call ratio, and strong positive gamma ($224.6M GEX). Bullish flow aligned with pinning, supportive of upside bias.

Notable Prints

SLV 2026-06-05 $69.00 Call

Vol: 9,880

OI: 837

Vol/OI: 11.8x

IV: 46.2%

Notional: ~$2.6M

Intent: Bullish speculation

Read-through: Upside target above $69

SLV 2026-05-27 $69.00 Call

Vol: 14,911

OI: 1,338

Vol/OI: 11.1x

IV: 35.8%

Notional: ~$1.6M

Intent: Bullish near-term

Read-through: Expects move above $69 by May 27

SLV 2026-06-01 $96.00 Call

Vol: 1,000

OI: 150

Vol/OI: 6.7x

IV: 85.9%

Notional: ~$2K

Intent: Speculative long shot

Read-through: High risk, low probability

SLV 2026-06-05 $105.00 Call

Vol: 1,001

OI: 159

Vol/OI: 6.3x

IV: 88.3%

Notional: ~$2K

Intent: Speculative long shot

Read-through: High risk, low probability

SLV 2026-05-29 $78.50 Call

Vol: 918

OI: 165

Vol/OI: 5.6x

IV: 58.6%

Notional: ~$5K

Intent: Speculative bullish

Dual read: May be part of a spread

Read-through: Low cost, high upside

Institutional Positioning

Call additions: Near-term calls at $69, $70.5, $76.5 with high vol/OI; also OTM $96, $105 calls.

Put additions: Weekly $67.5 put and Dec '26 $61 put accumulation.

GEX/DEX consistency: Consistent: GEX+$224.6M, DEX+248.1M, bullish flow.

OI clusters: Largest OI at $69-$70.5 calls (weekly) and $67.5 put.

Hedging evidence: Long-dated Dec $61 put suggests downside hedging.

Max pain context: Spot at MP, gamma pinning supports pin action.

Signal vs Noise

~High call volume at $69-70.5 is signal.

~Far OTM calls ($96, $105) are noise.

~Dec $61 put is signal of hedging.

~Weekly $67.5 put is moderate signal.

Key Conclusions

📈Bullish flow with high call volume pinning at MP; spot remains supported near $69.

⚠️Long-dated $61 put hedging suggests downside risk if silver fails to hold $67.

How to Use These Reports

This flow reflects the market close on May 26, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.