Weekly Chart PackCompleted weekly market data ยท Independent research
NYSEARCA ยท ETF ยท United States
SLVX
NICHOLAS SILVER INCOME ETF
Last updated
21 Aug 2026
Exchange
NYSE ARCA ยท NYSEARCA
Sector
Not classified
Industry
Not classified
Currency
USD
Market capitalisation
Not available
Fair value reference
16.90
Next-week expectancy
Undecided ยท 47.33%
Executive chart read
Over the latest 12 completed weeks ending 2026-08-21, SLVX rose 8.68%, moving from 15.45 to 16.79. The latest weekly close is below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Market Dynamics is 0.00 on the latest week. Next-week expectancy is undecided at 47.33% based on similar historical setup states.
Week Ending
21 Aug 2026
Latest Close
16.79
12-Week Change
8.68%
Trend Signal
Inactive
Next-Week Expectancy
Undecided 47.33%
Signal Weeks
0 of 12
+
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Weekly Price
Weekly Close
Trend Line
Fair Value
Activity Lines
Chart Panels
Choose up to 5 panels. Drag panel headers to reorder.
Price Action
Completed weekly market tape
Price Action
A deep view of how price is behaving against its own completed history, trend, structural levels and participation.
Current weekly interpretationDeclining structure with constructive close
Recent completed price swings are progressing lower on both sides of the range. The longer completed-week trend reference is not available yet. 27 completed weeks; recent structure is available and longer-term trend evidence is still developing.
Developing history ยท Unstable
Current structureDeclining structure
Recent completed price swings are progressing lower on both sides of the range.
Trend relationshipTrend evidence developing
The longer completed-week trend reference is not available yet.
Support and resistanceSupport 16.70 ยท Resistance 16.97
Nearest completed structural references around the latest close.
The positive weekly move attracted clearly elevated participation.
Price, structure and participation
Where price advanced, failed, reclaimed or lost important ground
Candles preserve the completed weekly tape. Selected annotations identify meaningful finished events and point directly to the week concerned.
Up weekDown weekTrend referenceCompleted supportCompleted resistanceVolumeTypical volumePublished event
What happened this week?
The latest completed candle
The latest week is separated into price change, candle character, closing position and path quality.
Weekly move+8.56%
Latest close versus the preceding completed close.
Candle characterConstructive close
Price advanced and finished in the upper part of the completed weekly range.
Where the week closedNear the weekly high
The close finished at 88% of the completed weekly range.
Path qualityUnstable
Frequent recent changes in direction reduce confidence in the current price path.
Current evaluation
What the weekly tape says now
The interpretation combines completed price structure, trend relationship, participation and path quality.
What supports it
Recent completed price swings are progressing lower on both sides of the range.
What would improve it
A sustained close above the nearest completed resistance, supported by firmer participation, would improve confirmation.
What could weaken it
A sustained loss of the nearest completed support would materially weaken the current price structure.
What to watch next
Trend relationship is trend evidence developing; participation is strong positive participation, and path quality is unstable.
Statistical perspective
Where the latest close sits in its own completed history
These observations describe the available record. They are market context, not predictions of the next move.
Position in completed history39% of range
The latest close's location between the lowest and highest completed closes available for this market.
Distance from completed high-29.3%
How far the latest close sits below the highest completed close in the available history.
Recovery from completed low+36.3%
How far the latest close has advanced from the lowest completed close in the available history.
Latest move versus typical1.5ร typical
The absolute latest weekly move compared with completed weekly moves available before it.
Completed event history
What changed, and when
Only selected completed events are shown. Each annotation is descriptive, not a standalone instruction.
Upside structure cleared
The weekly close moved above the preceding completed price structure.
Latest week
Support structure lost
The weekly close moved below the preceding completed price structure.
5 weeks ago
High-participation reversal
Price changed weekly direction with elevated participation.
11 weeks ago
Range
Sharemaestro Range
Where price is trading
The fitted range, accepted trading area and strongest price levels are calculated automatically from completed weekly market data.
Current stateAbove the trend range
52-week position
40.9%
Low to high
Accepted price
12.72
Latest versus accepted: 32.04%
Fitted direction
Falling
-2.48% per week
Range pressure
61/100
Balanced pressure
Range condition
Normal
0.80ร normal range
Range pressureCurrent range pressure ยท 50 is balanced
Weekly closeFitted rangeActivity ribbonEstimated activity at priceAutomatic level
Automatic structure
Strongest price levels
Support12.72
From price
-24.3%
Evidence
87/100
Touches
3
Support15.66
From price
-6.7%
Evidence
80/100
Touches
3
Current pivot16.70
From price
-0.6%
Evidence
45/100
Touches
1
Resistance17.57
From price
4.7%
Evidence
53/100
Touches
1
Resistance20.26
From price
20.7%
Evidence
30/100
Touches
1
Current reading
What the range shows
Current positionAbove the trend range
Price is at 40.9% of its latest 52-week range.
Fitted directionFalling
The fitted centre line is moving -2.48% per week.
Range pressureBalanced pressure
The current pressure reading is 61/100; 50 is balanced.
Next structural level17.57
Resistance is 4.7% from the latest close with 53/100 evidence strength.
Point & Figure
Price structure ยท volume at price
Point & Figure market structure
Each X marks a rising price box and each O marks a falling price box. Time is removed from the horizontal scale so reversals, breakouts and areas of heavy trading stand out.
MethodAdaptive scale
Smart Money
Completed-week positioning evidence
Smart Money
See whether the support beneath price is strengthening, weakening, confirming the trend or warning of increased risk.
Current Smart Money readSmart Money support is weak
The current completed-week evidence is not providing dependable confirmation for price.
Momentum 0.11 ยท Holding steady
Trend qualityWeak alignment
The current trend state has persisted for 27 completed weeks; visible confirmation is weak alignment.
Momentum pathWeak ยท Holding steady
The latest completed-week level and direction.
Latest positive signalNo recent positive signal
The chart is carrying context rather than a fresh positive event marker.
Risk and warningsNormal
Earlier warnings are outside the recent completed-week window.
Price, support and published events
Where confirmation strengthened or risk increased
Selected annotations highlight meaningful completed-week events; every existing chart series and marker remains visible.
Close Price
Trend Line
Demand Threshold Line
Reversal Risk Level
Current evaluation
What the Smart Money chart means now
The reading combines the finished chart state, its direction and the timing of published signals.
What supports it
There is limited positive confirmation; the chart should be read cautiously until support improves.
What would improve it
Broader agreement between price, trend and the completed-week support state would strengthen the case.
What could weaken it
There is no fresh positive event marker, so the current reading depends on continued confirmation rather than a new signal.
Published signal history
What changed, and when
Event markers are observations, not standalone instructions to buy or sell.
Reversal danger
The chart registered its strongest reversal warning.
24 weeks ago
Reversal risk
The chart registered elevated reversal risk.
25 weeks ago
Market Dynamics
Price and underlying support
Market Dynamics
See whether the support beneath price is strengthening, weakening, confirming the move or beginning to diverge from it.
Zero lineMarket Dynamics Rate of ChangePrice ActionVolume ActionFlip UpFlip Down
Price Cycle
Completed-week market perception
Price Cycle
A deep view of whether price pressure is strong, weak, strengthening, fading or moving through a higher-risk transition.
Current Price Cycle readMarket pressure is rebuilding from a balanced position
Price pressure is close to its central market position. Weak pressure is receding across the recent completed path.
-0.62% ยท Balanced ยท Recovering
Market positionBalanced
Price pressure is close to its central market position.
Pressure directionRecovering
Weak pressure is receding across the recent completed path.
Trend qualityUnstable
The recent path has changed direction frequently, reducing confidence in persistence.
Risks and warningsTransition risk
Frequent recent changes around balance make the current direction less dependable.
Pressure, price and published transitions
Where market perception strengthened, faded or changed state
The percentage reading is primary. Weekly close is retained only as market context; selected annotations identify meaningful completed transitions.
Market PerceptionPositive pressureNegative pressureWeekly CloseBalanceCrossed upCrossed downPublished transition or Price Action signal
Current evaluation
What the Price Cycle says now
The evaluation combines the finished pressure state, its direction, persistence and historical context.
What supports it
Negative pressure is receding, which keeps a repair path open.
What would improve it
Continued positive pressure with an orderly completed path would strengthen confirmation.
What could weaken it
Frequent recent changes around balance make the current direction less dependable.
What to watch next
The latest path is recovering with unstable trend quality. Comparable history is limited record.
Statistical perspective
How unusual, persistent and historically consequential is this position?
Historical observations describe completed evidence. They do not predict the next price move.
Historical positionUpper 17% of history
The latest reading is stronger than 83% of completed observations.
State persistence1 completed week
The current balanced state has persisted without interruption.
Comparable historyLimited record
There are not yet enough comparable completed observations for a dependable historical summary.
Published transition history
What changed, and when
Transitions are completed observations, not standalone instructions to buy or sell.
Recovery began
Negative pressure remained, but the completed path began to repair.
2 weeks ago
Deep weakness
Negative pressure entered an historically weak position.
8 weeks ago
Deep weakness
Negative pressure entered an historically weak position.
11 weeks ago
Recovery began
Negative pressure remained, but the completed path began to repair.
12 weeks ago
Weakness established
The completed reading moved below balance into negative pressure.
17 weeks ago
Positive pressure established
The completed reading moved from weakness into positive pressure.
18 weeks ago
VWAP Control
Completed-week volume-weighted structure
VWAP Control
Shows price against its completed-week volume-weighted references, changes in control and the levels that would confirm or weaken the current reading.
Current controlBuyer control developing
Price is above the core VWAP, which is broadly flat. 53% of recent weighted activity has been accepted above it.
68/100 pressure
ControlBuyer control developing
Pressure 68/100 and +0.0 points over four weeks.
VWAP stack5 of 5 below price
3 references converge near 16.12: High-activity anchor, Year VWAP, 26-week VWAP.
Acceptance53% above
Share of recent completed weighted activity accepted on the prevailing side of the core VWAP.
Core direction+0.0% / week
Four-week direction; change in pace โ.
Stretch0.5 normal ranges above
Price is +4.9% from the core VWAP.
Persistence1 completed week
Price has remained above the core VWAP.
Price, VWAP structure and control transfers
Where control changed
27 completed weeks ยท Reported weekly volume
Weekly close13-week VWAP26-week VWAP52-week VWAPHigh-activity anchorNormal VWAP rangePositive transferNegative transfer
Control backgroundBuyer controlContestedSeller control
Seller control50 ยท contestedBuyer control
Current VWAP signals
Control, agreement and concentration
Control transfer beginning
Control transfer beginning
Price has completed its first move back above the core VWAP; acceptance and the next retest now matter.
Price and VWAP pressure broadly agree
No material six-week disagreement is present between price direction and VWAP control.
VWAP cluster present
3 references converge near 16.12: High-activity anchor, Year VWAP, 26-week VWAP.
Confirmation and failure levels
Levels that change the current reading
ConfirmationPressure above 60
Pressure holding above 60 while the VWAP stack rises would strengthen the existing buyer-control evidence.
Decision area16.28
High-activity anchor at 16.28, 3.0% below the latest close.
Weakening level16.28
A completed close below High-activity anchor with acceptance moving under 50% would weaken the present structure.
Current VWAP stack
Volume-weighted price levels
High-activity anchor16.28
-3.05% from close
Year VWAP16.09
-4.17% from close
26-week VWAP16.00
-4.70% from close
13-week VWAP14.61
-12.98% from close
Swing low14.27
-15.00% from close
Estimated activity position
Activity above and below price
Below price 64%Above price 37%
29%near price
A notable share of recent weighted activity remains above price and may act as overhead supply.
Estimated from completed weekly typical prices and reported activity; it is not holder-level cost-basis data.
Benchmark, sector and industry
VWAP control comparison
Sector and industry comparisons require at least ten constituents with aligned completed history.
Benchmark ยท SPYWeaker control than reference
Weaker control than reference; control-score gap -10.6 points.
Buyers firmly in control ยท 79/100
Historical VWAP outcomes
Reclaims, losses and similar states
Descriptive outcomes from this ticker's visible historyโnot a forecast.
Weekly reclaimDeveloping evidence
There are not yet enough completed events in the visible history.
Weekly lossDeveloping evidence
There are not yet enough completed events in the visible history.
Comparable control states0 matched weeks
The visible history does not contain enough closely comparable completed states.
VWAP control history
Completed changes
Core VWAP reclaimed
Price completed the week back above the core VWAP.
SMI
Proprietary completed-week evidence
SMI
See whether the underlying conditions beneath price are strengthening, weakening or holding firm.
Current SMI readUnderlying support remains weak, with an early improvement
The SMI path is improving while price remains under pressure. The latest reading is based on completed weekly evidence.
0.06 ยท Weak
Current stateWeak ยท 0.06
Latest completed-week SMI reading
DirectionImproving
How the completed SMI path is changing
PersistenceEstablished
23 completed weeks in the current state
Price relationshipRepairing beneath price
The SMI path is improving while price remains under pressure.
Price and SMI transitions
Where underlying support changed
Annotations identify selected completed SMI state changes.
Weekly CloseTrend LineFair ValueActivity Lines
SMI pathDirection, persistence and turning points
SMI 0.06 ยท Weak
ImprovingHolding steadyWeakening
SMI in context
Historical context is still developing
There are not yet enough comparable completed observations for a responsible outcome summary.
Chart Summary
Key Points
Week Ending
21 Aug 2026
Latest Close
16.79
12-Week Change
8.68%
Trend Signal
Inactive
Next-Week Expectancy
Undecided 47.33%
Signal Weeks
0 of 12
Vs Fair Value
Below
Market Dynamics
0.00
Over the latest 12 completed weeks ending 2026-08-21, SLVX rose 8.68%, moving from 15.45 to 16.79. The latest weekly close is below Fair Value. Trend Signal is inactive on the latest week and was active in 0 of the last 12 weeks. Market Dynamics is 0.00 on the latest week. Next-week expectancy is undecided at 47.33% based on similar historical setup states.
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