SLV Wedge Breakout Analysis
Live breakout scanner data · Updated every 10 minutes
B+
BEAR
ETF · Silver
SLV is currently showing a bearish wedge compression on the 30-minute timeframe, graded B+ by the UnxEdge scanner. The current breakout level is $54.06, currently 0.06% away. This pattern has shown a 2.0x profit factor across 12 backtested trades.
Current Setup
Close$54.09 -0.50%
Breakout Level$54.06
Distance to Level0.06%
RVOL0.3×
Pressure56
PatternDescending Wedge
Trade Plan
Entry$53.99
Stop$54.16
TP1$53.82
TP2$53.66
TP3$53.49
Chart
Backtest Performance
Win Rate
67%
Profit Factor
2.02x
Avg R
+0.34R
Trades
12
Recent results
| Date | Side | Grade | Entry | Stop | Target | Exit | Result | R | Bars |
|---|---|---|---|---|---|---|---|---|---|
| Aug 7 | BULL | A- | $56.01 | $55.69 | $56.33 | $56.33 | WIN | +1.00R | 2 |
| Jul 15 | BEAR | A- | $52.25 | $52.56 | $51.94 | $51.94 | WIN | +1.00R | 3 |
| Jun 29 | BEAR | A- | $52.29 | $52.70 | $51.89 | $52.70 | LOSS | -1.00R | 7 |
| Jun 25 | BEAR | A- | $51.82 | $52.44 | $51.21 | $52.44 | LOSS | -1.00R | 2 |
| Jun 10 | BEAR | A- | $57.69 | $58.32 | $57.06 | $58.32 | LOSS | -1.00R | 8 |
| Jun 9 | BEAR | A | $61.10 | $61.49 | $60.70 | $60.70 | WIN | +1.03R | 2 |
| May 11 | BULL | A- | $73.50 | $72.87 | $74.14 | $74.14 | WIN | +1.02R | 2 |
| May 8 | BULL | A- | $73.50 | $72.87 | $74.14 | $72.87 | LOSS | -1.00R | 2 |
| Apr 17 | BULL | A- | $71.74 | $71.25 | $72.24 | $72.24 | WIN | +1.02R | 2 |
Recent Setup History
| Date | Grade | Side | Breakout | Dist | Pressure | Resolution |
|---|---|---|---|---|---|---|
| 2026-10-13 | B+ | BEAR | $54.06 | 0.06% | 56 | — |
| 2026-10-13 | A- | BEAR | $54.14 | 0.06% | 59 | — |
| 2026-10-13 | A- | BEAR | $54.23 | 0.07% | 66 | — |
| 2026-10-13 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-13 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-13 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-13 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-12 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-12 | A | BEAR | $54.31 | 0.09% | 72 | — |
| 2026-10-12 | A | BEAR | $54.31 | 0.09% | 72 | — |
Bot Activity
No bot trades on SLV yet.
Other Active Breakout Setups
Earnings
No upcoming earnings scheduled.
Don't miss the next breakout
Subscribe to get real-time alerts when SLV approaches its breakout level.
See pricing