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SLV

iShares Silver TrustClose $52.36EOD only

Max Pain

$57.00

Next expiry Jun 26, 2026

Expected Move

±$1.40

2.7% from close

Price Gap

+4.64

Distance to max pain

IV Rank

Middle-high premium

P/C OI

0.50

Slightly call-heavy

Consensus

4.0/10

Consensus signal

Published snapshot: Jun 25, 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

Jun 25, 2026 close

SLV Flow Report

Analysis based on market close June 26, 2026

Directional Theta Gang Flow Earnings Consensus

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

Flow Verdict

Confidence:

8 / 10

base 5; +2 GEX/flow strongly aligned; +0.5 spot 1.3% from MP; +0.5 VIX 18

Watch next session: $50 gamma flip; $54 call resistance

Flow Summary

Net premium: -$99.7M bearish

P/C volume ratio: 0.63

P/C OI ratio: 0.49

Large call buying for July/August contrasts with heavy near-term put activity. Net premium negative but call volume dominates. Spot below MP, VIX elevated. Flow mixed; wait for breakout above $54 or breakdown below $50.

Notable Prints

SLV 2026-07-02 $49.00 Put

Vol: 5,829

OI: 151

Vol/OI: 38.6x

IV: 54.5%

Notional: ~$134K

Intent: Bearish hedge or speculative put on weakness

Dual read: Could be locking in profits from earlier longs

Read-through: Bearish short-term sentiment

SLV 2026-07-10 $58.00 Call

Vol: 3,576

OI: 246

Vol/OI: 14.5x

IV: 45.3%

Notional: ~$172K

Intent: Bullish call buying expecting rally above $58

Dual read: Possible short covering or delta hedge

Read-through: Bullish medium-term outlook

SLV 2026-08-21 $54.00 Call

Vol: 5,173

OI: 374

Vol/OI: 13.8x

IV: 47.4%

Notional: ~$1.9M

Intent: Long-term bullish position on SLV

Dual read: Could be part of a call spread

Read-through: Bullish longer-term view

SLV 2026-06-29 $54.50 Call

Vol: 2,797

OI: 267

Vol/OI: 10.5x

IV: 31.0%

Notional: ~$56K

Intent: Short-term bullish bet on bounce

Dual read: Expiration day volatility play

Read-through: Bullish near-term

SLV 2026-06-29 $54.00 Call

Vol: 2,510

OI: 252

Vol/OI: 10.0x

IV: 29.4%

Notional: ~$83K

Intent: Similar bullish near-term speculation

Dual read: Likely same trader as above

Read-through: Bullish near-term

Institutional Positioning

Call additions: Aggressive call buying at $54-$60 strikes, esp. 7/10 and 8/21 expiries.

Put additions: Put additions at $47, $49, $52.5, $53; near-term protection.

GEX/DEX consistency: GEX negative, DEX positive; consistent with trending gamma but potential for sharp moves.

OI clusters: Put OI concentration ~$50 (6.2% below spot) as key support; call OI at $54-$60.

Hedging evidence: Put buying at downside strikes for hedging; collar-like positioning.

Max pain context: Spot below max pain; magnetic pull towards MP around $54.

Signal vs Noise

~Unusual prints with >10x vol/oi ratio (49P, 58C, 54C) are real new positioning.

~Broad equity weakness is noise; SLV flow and gamma levels are independent.

Key Conclusions

📈Call accumulation at $54-$60 bullish signal for silver.

🛡️Put OI at $50 provides strong support level.

⚡Negative GEX may cause sudden moves; monitor gamma flip.

How to Use These Reports

This flow reflects the market close on June 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.