GER ยท ETF ยท ENHANCED MARKET DYNAMICS

SLVR

Global X Silver Miners UCITS ETF USD Acc

DE

EMD SCORE71/100

CURRENT COMPLETED-WEEK READ

Strongly constructive

The latest completed-week readings are broadly supportive. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build100% directional agreement100% evidence confidence
Completed week
28 Aug 2026
Latest close
EUR 41.50
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

5 supportive ยท 0 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
8 Sep 2023โ€“28 Aug 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท EUR +100+500-50-100 49.8028.677.54 8 Sep 2023 ยท EMD 36/100 ยท close 10.93 15 Sep 2023 ยท EMD 46/100 ยท close 11.45 22 Sep 2023 ยท EMD 40/100 ยท close 10.97 29 Sep 2023 ยท EMD 41/100 ยท close 10.45 6 Oct 2023 ยท EMD 34/100 ยท close 10.08 13 Oct 2023 ยท EMD 43/100 ยท close 10.76 20 Oct 2023 ยท EMD 51/100 ยท close 11.13 27 Oct 2023 ยท EMD 41/100 ยท close 10.51 3 Nov 2023 ยท EMD 47/100 ยท close 10.67 10 Nov 2023 ยท EMD 33/100 ยท close 10.05 17 Nov 2023 ยท EMD 43/100 ยท close 10.62 24 Nov 2023 ยท EMD 49/100 ยท close 10.89 1 Dec 2023 ยท EMD 63/100 ยท close 11.72 8 Dec 2023 ยท EMD 52/100 ยท close 11.34 15 Dec 2023 ยท EMD 61/100 ยท close 11.77 22 Dec 2023 ยท EMD 66/100 ยท close 12.15 29 Dec 2023 ยท EMD 63/100 ยท close 11.88 5 Jan 2024 ยท EMD 61/100 ยท close 11.39 12 Jan 2024 ยท EMD 65/100 ยท close 11.39 19 Jan 2024 ยท EMD 48/100 ยท close 10.53 26 Jan 2024 ยท EMD 47/100 ยท close 10.73 2 Feb 2024 ยท EMD 44/100 ยท close 10.78 9 Feb 2024 ยท EMD 39/100 ยท close 10.43 16 Feb 2024 ยท EMD 38/100 ยท close 10.14 23 Feb 2024 ยท EMD 34/100 ยท close 9.80 1 Mar 2024 ยท EMD 40/100 ยท close 9.99 8 Mar 2024 ยท EMD 44/100 ยท close 10.52 15 Mar 2024 ยท EMD 51/100 ยท close 11.05 22 Mar 2024 ยท EMD 46/100 ยท close 10.98 29 Mar 2024 ยท EMD 55/100 ยท close 11.57 5 Apr 2024 ยท EMD 82/100 ยท close 13.01 12 Apr 2024 ยท EMD 87/100 ยท close 14.03 19 Apr 2024 ยท EMD 85/100 ยท close 13.43 26 Apr 2024 ยท EMD 85/100 ยท close 13.41 3 May 2024 ยท EMD 75/100 ยท close 13.04 10 May 2024 ยท EMD 82/100 ยท close 13.91 17 May 2024 ยท EMD 89/100 ยท close 14.47 24 May 2024 ยท EMD 79/100 ยท close 14.46 31 May 2024 ยท EMD 79/100 ยท close 14.35 7 Jun 2024 ยท EMD 70/100 ยท close 13.39 14 Jun 2024 ยท EMD 72/100 ยท close 13.12 21 Jun 2024 ยท EMD 76/100 ยท close 13.40 28 Jun 2024 ยท EMD 69/100 ยท close 13.28 5 Jul 2024 ยท EMD 78/100 ยท close 13.92 12 Jul 2024 ยท EMD 83/100 ยท close 14.79 19 Jul 2024 ยท EMD 73/100 ยท close 14.17 26 Jul 2024 ยท EMD 70/100 ยท close 13.79 2 Aug 2024 ยท EMD 62/100 ยท close 13.05 9 Aug 2024 ยท EMD 56/100 ยท close 12.49 16 Aug 2024 ยท EMD 58/100 ยท close 13.12 23 Aug 2024 ยท EMD 64/100 ยท close 13.66 30 Aug 2024 ยท EMD 56/100 ยท close 13.18 6 Sep 2024 ยท EMD 50/100 ยท close 12.36 13 Sep 2024 ยท EMD 70/100 ยท close 14.26 20 Sep 2024 ยท EMD 70/100 ยท close 14.38 27 Sep 2024 ยท EMD 76/100 ยท close 14.82 4 Oct 2024 ยท EMD 83/100 ยท close 15.03 11 Oct 2024 ยท EMD 81/100 ยท close 15.18 18 Oct 2024 ยท EMD 89/100 ยท close 16.15 25 Oct 2024 ยท EMD 91/100 ยท close 17.41 1 Nov 2024 ยท EMD 77/100 ยท close 16.21 8 Nov 2024 ยท EMD 79/100 ยท close 15.85 15 Nov 2024 ยท EMD 79/100 ยท close 15.34 22 Nov 2024 ยท EMD 79/100 ยท close 15.78 29 Nov 2024 ยท EMD 80/100 ยท close 15.77 6 Dec 2024 ยท EMD 83/100 ยท close 16.86 13 Dec 2024 ยท EMD 71/100 ยท close 15.80 20 Dec 2024 ยท EMD 62/100 ยท close 14.75 27 Dec 2024 ยท EMD 58/100 ยท close 14.47 3 Jan 2025 ยท EMD 58/100 ยท close 14.85 10 Jan 2025 ยท EMD 61/100 ยท close 15.17 17 Jan 2025 ยท EMD 56/100 ยท close 14.99 24 Jan 2025 ยท EMD 55/100 ยท close 15.00 31 Jan 2025 ยท EMD 60/100 ยท close 15.61 7 Feb 2025 ยท EMD 69/100 ยท close 16.44 14 Feb 2025 ยท EMD 60/100 ยท close 16.31 21 Feb 2025 ยท EMD 59/100 ยท close 15.93 28 Feb 2025 ยท EMD 54/100 ยท close 15.20 7 Mar 2025 ยท EMD 53/100 ยท close 15.29 14 Mar 2025 ยท EMD 71/100 ยท close 16.88 21 Mar 2025 ยท EMD 63/100 ยท close 16.80 28 Mar 2025 ยท EMD 68/100 ยท close 16.90 4 Apr 2025 ยท EMD 52/100 ยท close 14.64 11 Apr 2025 ยท EMD 73/100 ยท close 16.08 18 Apr 2025 ยท EMD 71/100 ยท close 16.64 25 Apr 2025 ยท EMD 59/100 ยท close 16.20 2 May 2025 ยท EMD 54/100 ยท close 15.60 9 May 2025 ยท EMD 68/100 ยท close 17.18 16 May 2025 ยท EMD 54/100 ยท close 16.18 23 May 2025 ยท EMD 67/100 ยท close 17.31 30 May 2025 ยท EMD 66/100 ยท close 17.23 6 Jun 2025 ยท EMD 87/100 ยท close 19.66 13 Jun 2025 ยท EMD 84/100 ยท close 19.53 20 Jun 2025 ยท EMD 78/100 ยท close 19.16 27 Jun 2025 ยท EMD 75/100 ยท close 18.68 4 Jul 2025 ยท EMD 84/100 ยท close 19.24 11 Jul 2025 ยท EMD 89/100 ยท close 20.18 18 Jul 2025 ยท EMD 73/100 ยท close 19.42 25 Jul 2025 ยท EMD 78/100 ยท close 19.69 1 Aug 2025 ยท EMD 76/100 ยท close 19.18 8 Aug 2025 ยท EMD 89/100 ยท close 21.70 15 Aug 2025 ยท EMD 87/100 ยท close 21.61 22 Aug 2025 ยท EMD 93/100 ยท close 22.06 29 Aug 2025 ยท EMD 94/100 ยท close 22.88 5 Sep 2025 ยท EMD 95/100 ยท close 24.50 12 Sep 2025 ยท EMD 94/100 ยท close 26.36 19 Sep 2025 ยท EMD 92/100 ยท close 26.36 26 Sep 2025 ยท EMD 97/100 ยท close 28.20 3 Oct 2025 ยท EMD 91/100 ยท close 28.70 10 Oct 2025 ยท EMD 82/100 ยท close 29.17 17 Oct 2025 ยท EMD 81/100 ยท close 29.86 24 Oct 2025 ยท EMD 82/100 ยท close 28.14 31 Oct 2025 ยท EMD 86/100 ยท close 27.20 7 Nov 2025 ยท EMD 81/100 ยท close 25.96 14 Nov 2025 ยท EMD 82/100 ยท close 27.86 21 Nov 2025 ยท EMD 75/100 ยท close 26.50 28 Nov 2025 ยท EMD 86/100 ยท close 31.75 5 Dec 2025 ยท EMD 83/100 ยท close 31.22 12 Dec 2025 ยท EMD 85/100 ยท close 33.03 19 Dec 2025 ยท EMD 88/100 ยท close 34.42 26 Dec 2025 ยท EMD 85/100 ยท close 35.38 2 Jan 2026 ยท EMD 78/100 ยท close 33.24 9 Jan 2026 ยท EMD 90/100 ยท close 37.18 16 Jan 2026 ยท EMD 93/100 ยท close 40.40 23 Jan 2026 ยท EMD 94/100 ยท close 45.88 30 Jan 2026 ยท EMD 81/100 ยท close 40.45 6 Feb 2026 ยท EMD 89/100 ยท close 39.35 13 Feb 2026 ยท EMD 86/100 ยท close 41.14 20 Feb 2026 ยท EMD 87/100 ยท close 42.63 27 Feb 2026 ยท EMD 91/100 ยท close 47.54 6 Mar 2026 ยท EMD 80/100 ยท close 42.02 13 Mar 2026 ยท EMD 77/100 ยท close 39.65 20 Mar 2026 ยท EMD 65/100 ยท close 33.30 27 Mar 2026 ยท EMD 72/100 ยท close 35.17 3 Apr 2026 ยท EMD 72/100 ยท close 38.28 10 Apr 2026 ยท EMD 71/100 ยท close 39.49 17 Apr 2026 ยท EMD 74/100 ยท close 41.29 24 Apr 2026 ยท EMD 66/100 ยท close 38.40 1 May 2026 ยท EMD 62/100 ยท close 36.13 8 May 2026 ยท EMD 68/100 ยท close 38.90 15 May 2026 ยท EMD 59/100 ยท close 37.61 22 May 2026 ยท EMD 57/100 ยท close 36.33 29 May 2026 ยท EMD 65/100 ยท close 38.02 5 Jun 2026 ยท EMD 45/100 ยท close 33.52 12 Jun 2026 ยท EMD 46/100 ยท close 33.67 19 Jun 2026 ยท EMD 46/100 ยท close 34.04 26 Jun 2026 ยท EMD 43/100 ยท close 33.32 3 Jul 2026 ยท EMD 45/100 ยท close 34.56 10 Jul 2026 ยท EMD 37/100 ยท close 31.93 17 Jul 2026 ยท EMD 33/100 ยท close 29.92 24 Jul 2026 ยท EMD 38/100 ยท close 32.29 31 Jul 2026 ยท EMD 28/100 ยท close 30.59 7 Aug 2026 ยท EMD 51/100 ยท close 36.23 14 Aug 2026 ยท EMD 46/100 ยท close 36.83 21 Aug 2026 ยท EMD 71/100 ยท close 40.60 28 Aug 2026 ยท EMD 71/100 ยท close 41.50 5 Apr 2024 ยท Up-cycle confirmed ยท close 13.01 16 Aug 2024 ยท Up-cycle confirmed ยท close 13.12 13 Sep 2024 ยท Up-cycle confirmed ยท close 14.26 30 Jan 2026 ยท Down-cycle confirmed ยท close 40.45 6 Mar 2026 ยท Down-cycle confirmed ยท close 42.02 8 Sep 20237 Mar 202528 Aug 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 92%Current EMD +41.64-week EMD change +84.7156-week price range EUR 9.80โ€“47.54

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

02

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

75/1000.63

Strengthening beneath price
4-week change +1.79

02

Trend and deviation

62/100+11.7% vs Trend Line

Price structure supports the trend
Trend gate inactive

03

Momentum and SMI

81/1004w +35.7% ยท 13w +9.2%

Momentum is supportive
SMI 0.25

04

Price-volume pressure

56/10056% constructive pressure

Volume is confirming the close
Volume ratio 2.82x

05

Relative leadership

84/10010.12

Leadership is supportive
4-week change +23.34

06

Modeled Trend

67/100Modeled Trend 0.25

Modeled Trend is supportive
Smoothed Modeled Trend 0.30

Evidence context