iShares Silver Trust (SLV)
Silver ETF closing price ($, daily)
| Property | Value |
|---|---|
| Category | macro |
| Unit | $ |
| Resolution | 1d |
| Assets | MACRO |
| Tier | Basic |
| API Endpoint | GET /v1/macro/markets |
| Field | slv |
Overview
Daily closing price of the iShares Silver Trust ETF (NYSE Arca: SLV). Each share represents physical silver bullion held in trust. SLV tracks spot silver prices less management fees and is the largest silver-backed ETF.
Interpretation
- Rising SLV: typically reflects falling real yields, dollar weakness, industrial-demand strength (silver has significant industrial use), or precious-metal speculative flows.
- Falling SLV: rising real yields, dollar strength, or industrial slowdown.
- Silver tends to be more volatile and more cyclical than gold because of its industrial-demand component.
Use Cases
- Use as a higher-beta precious-metals benchmark for BTC cross-asset analysis.
- Compare gold/silver ratio (
macro_gld/macro_slv) to gauge precious-metals regime — silver tends to outperform during risk-on metal rallies. - Combine with
macro_real_yieldandmacro_dxyto assess the macro backdrop for hard assets including BTC.
API Usage
curl -H "Authorization: Bearer YOUR_API_KEY" \
"https://api.blocklens.co/v1/macro/markets?start_date=2024-01-01&end_date=2024-12-31&limit=365"
Related Metrics
- SPDR Gold Shares (GLD) — Gold ETF closing price ($, daily)
- Gold Futures (GC=F) — COMEX Gold futures continuous contract ($/oz, daily)
- WTI Crude Oil (CL=F) — WTI Crude Oil futures continuous contract ($/bbl, daily)
- US Dollar Index (DXY) — ICE US Dollar Index DX-Y.NYB (points, daily)