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SLV

iShares Silver TrustClose $72.04EOD only
Max Pain
$67.50
Next expiry Apr 15, 2026
Expected Move
±$1.83
2.5% from close
Price Gap
-4.54
Distance to max pain
IV Rank
100
High premium
P/C OI
0.58
Slightly call-heavy
Consensus
6.5/10
Consensus signal
Published snapshot: Apr 14, 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
Apr 14, 2026 close
SLV AI Consensus Report
Analysis based on market close April 14, 2026
DirectionalTheta GangFlowEarningsConsensus

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

Conviction
6.5

out of 10

6.5 because positioning, GEX concentration and short-dated max-pain clustering create persistent magnetic forces toward low-70s, but conviction is capped by active institutional protection and the risk of rapid IV expansion (and a gamma flip) in the near-term — that binary tail risk prevents a higher score.

Where Perspectives Agree

Market consensus favors a short-term pin toward the low-70s (around $70–$74) with dealer gamma positioning amplifying moves and creating an environment that favors premium capture into the nearest expiries.

Where They Diverge

Flow signals of discrete institutional protection buying and occasional aggressive put prints directly contradict the directional pin—those protective flows imply a material asymmetric tail below $70 that would puncture the pin thesis; theta's push to sell premium assumes IV stays elevated, which is incompatible with flow-driven sudden IV spikes if a protective tranche reprices. These are outright contradictions because the protective flow both increases IV and structurally undermines the dealer-short-gamma support the pin relies on.

Top Trade
via theta

Sell 2026-04-24 $70/$68 put spread for a net credit (collect premium) — defined-risk, short-dated bearish-to-neutral spread that profits if pin holds above $70 into expiry.

Key Risk

A decisive break and close below $69.50 on elevated volume (triggered by heavy institutional put exercise or a macro gold move) flips dealer gamma from supportive to short, removes the pin, forces rapid selling into $66.80–$66.00 gap support and materially increases IV, invalidating the short-premium thesis.

Read the AI Analyst Consensus for SLV for 2026-04-14. This synthesis report combines directional, theta, flow, and earnings perspectives into one conviction view with setup, trigger, and invalidation context.