{ "ticker": { "uuid": "b9c01d26-782a-4fc8-aac3-8c16b3df210d", "symbol": "SILV", "name": "Global X Silver Miners UCITS ETF USD Acc", "exchange": "LSE", "country": "GB", "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": "^FTSE", "stage": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 75.777, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -39.246, "architecture_energy": 32.896, "architecture_maturity": 31.815, "architecture_confidence": 65.098, "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": 32.82, "rotation_up": 24.42, "upward_expansion": 13.32, "deceleration": 60.67, "rotation_down": 44.34, "downward_expansion": 69.98 }, "activity_lines": [ 37.755833, 37.703409, 39.519821, 41.131962 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 42.014999, "trend_reference": 43.502667, "distance_from_trend": -0.034197, "trend_direction": "Improving", "fair_value": 23.389388, "distance_from_fair_value": 0.796327, "fair_value_direction": "Weakening", "relative_strength": -0.827039, "relative_strength_direction": "Weakening", "price_momentum": -0.095868, "excess_performance": -0.147104, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034197, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.007263, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.796327, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.367192, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00827, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.259849, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.095868, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.678969, "read": "Supply-led" } ], "volume": { "latest": 273876, "relative_activity": 0.756332, "balance": 0.678969, "dry_up": 0.647517, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.089304, "annualized_volatility": 0.592518, "from_high_reference": -0.275229, "from_low_reference": 0.736157 }, "levels": { "trend_reference": 43.502667, "fair_value_reference": 23.389388, 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"2026-07-10", "close": 36.665001, "volume": 146562, "typical_volume": 483569.05, "trend": 44.052333, "fair_value": 22.75534, "relative_strength": -8.538755, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.170505, "energy": 68.38256, "activity_lines": [ 38.147334, 39.321318, 41.358774, 42.866091 ] }, { "date": "2026-07-17", "close": 34.285, "volume": 162115, "typical_volume": 456369.65, "trend": 43.85, "fair_value": 22.893981, "relative_strength": -15.619543, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.388945, "energy": 74.547997, "activity_lines": [ 36.768834, 38.160909, 40.515905, 42.235941 ] }, { "date": "2026-07-24", "close": 36.7225, "volume": 292116, "typical_volume": 414566.8, "trend": 43.6705, "fair_value": 23.049465, "relative_strength": -11.161878, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.647964, "energy": 62.031231, "activity_lines": [ 36.517334, 37.6525, 40.009155, 41.776102 ] }, { "date": "2026-07-31", "close": 35.215, "volume": 209785, "typical_volume": 388094.15, "trend": 43.543667, "fair_value": 23.197497, "relative_strength": -16.177834, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.243788, "energy": 66.43963, "activity_lines": [ 35.912333, 36.996773, 39.416607, 41.230586 ] }, { "date": "2026-08-07", "close": 42.014999, "volume": 273876, "typical_volume": 362110.75, "trend": 43.502667, "fair_value": 23.389388, "relative_strength": -0.827039, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -39.246416, "energy": 32.895994, "activity_lines": [ 37.755833, 37.703409, 39.519821, 41.131962 ] } ], "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." } } }