The iShares Silver Trust (SLV) rose on May 13, 2026, as silver prices continued to climb. Analysts attribute the rally to a persistent physical silver shortage and increased macroeconomic hedging.
India's decision to hike silver import duties served as a primary catalyst for the price surge. Technical analysis suggests the bullish trend remains intact while prices stay above $83. Market analysts have identified near-term price targets for silver around $90.