{ "ticker": { "uuid": "1251adf0-d880-430e-a7d2-26b42e8b828f", "symbol": "SIL", "name": "Global X Silver Miners ETF", "exchange": "MEX", "country": "MX", "assetType": "etf" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "^MXX", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 70.441, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -46.479, "architecture_energy": 38.56, "architecture_maturity": 47.509, "architecture_confidence": 51.716, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 24.12, "rotation_up": 27.24, "upward_expansion": 19.2, "deceleration": 62.97, "rotation_down": 46.59, "downward_expansion": 69.2 }, "activity_lines": [ 1373.706657, 1365.553391, 1431.131693, 1493.555607 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 1500.0, "trend_reference": 1579.595439, "distance_from_trend": -0.05039, "trend_direction": "Weakening", "fair_value": 901.739579, "distance_from_fair_value": 0.663451, "fair_value_direction": "Weakening", "relative_strength": 1.407021, "relative_strength_direction": "Weakening", "price_momentum": -0.107143, "excess_performance": -0.052476, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.05039, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.00695, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.663451, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.353722, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.01407, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.131718, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.107143, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.815797, "read": "Demand-led" } ], "volume": { "latest": 1533, "relative_activity": 0.271455, "balance": 4.815797, "dry_up": 0.205672, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.073071, "annualized_volatility": 0.565402, "from_high_reference": -0.273801, "from_low_reference": 0.539401 }, "levels": { "trend_reference": 1579.595439, "fair_value_reference": 901.739579, 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1533.688606 ] }, { "date": "2026-07-24", "close": 1314.699951, "volume": 2616, "typical_volume": 5671.7, "trend": 1586.695439, "fair_value": 889.26072, "relative_strength": -9.631186, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.650933, "energy": 69.366379, "activity_lines": [ 1315.27312, 1356.709923, 1447.574057, 1515.531363 ] }, { "date": "2026-07-31", "close": 1328.0, "volume": 50, "typical_volume": 5657.05, "trend": 1581.928772, "fair_value": 894.948867, "relative_strength": -9.817396, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.153098, "energy": 60.16302, "activity_lines": [ 1315.05332, 1343.687469, 1430.170518, 1498.841334 ] }, { "date": "2026-08-07", "close": 1500.0, "volume": 1533, "typical_volume": 5647.35, "trend": 1579.595439, "fair_value": 901.739579, "relative_strength": 1.407021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.479313, "energy": 38.559734, "activity_lines": [ 1373.706657, 1365.553391, 1431.131693, 1493.555607 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }