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Dr. UV’s Silver Tracker — UVCMI/AI Insights 040926_Thur_7am Post # 517

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Silver Holding After Yesterday’s Pop — Miners Showing Real Relative Strength

Silver at $74.22, holding steady after yesterday’s +3% pop. Currently sitting right at the 20/50 SMA cluster ($74.31/$74.54) with SMA200 support at $72.68. R1 overhead at ~$77.69, R2 at ~$85.33. S1 at ~$75.17, S2 at ~$70. The key observation today: several miners are holding their gains compared to silver’s 300 bps gain — names like AKTA (B1 8913), SSRM (6195), BVN (3462), SVM (3421), and AG (2497) are showing true structural leadership. When miners hold while the metal consolidates, it signals underlying demand for the equities independent of the spot price.

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Based on strong pop in precious metals along with other risk on assets, miners have responded. Although in daily frame, majority are still bearish, substantial improvement is seen in 1 and 2h tf’s. 4hr TF is catching up.

Silver Tracker Four-Tier Table — 040926 Pre-Market

TIER 1 — STRUCTURAL LEADERS (Strong B1, Multi-TF Green)

TIER 2 — MIXED / REBUILDING (Positive B1, Choppy Internals)

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Key Takeaways

Tier 1 (14 names): The silver miner complex is in far better shape than the broader market. AKTA leads with a massive B1 of 8913, SSRM at 6195, and BVN/SVM both above 3400. The key story: miners are holding their gains after yesterday’s silver pop — AG (RS +299), SVM (+258), SSRM (+272) show massive relative strength vs SPY. When miners hold while the metal consolidates at the 20/50 SMA cluster, it’s a bullish divergence. SIL, SILJ, and XAU ETFs all confirm sector strength.

Tier 2 (11 names): ASM has the highest RS in the entire tracker at +348 despite being Tier 2 on B1 — watch for B1 improvement. CDE (RS +287) and PAAS are solid mid-tier names. Physical ETFs (SLV, SIVR, PSLV, CEF, GLTR) all positive B1 — the physical metal bid is confirmed.

Tier 3 (5 names): HL is the anomaly — RS +310 (among the highest) but B1 barely positive at 104 and red today. Classic RS divergence vs B1 — either B1 catches up or RS fades. VGZ just flipped negative.

Tier 4 (8 names): The juniors and micro-caps dominate Tier 4. BRVM bouncing +10.3% and PLG +4.0% — classic dead cat bounces on deeply negative B1. CGML at B

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