(SLV)
Max Pain By Strike
SLV trades at $34.49, 7.8% above the near-term max pain of $32 expiring Aug 15, 2025 (-1 days). Expect downward pressure as dealers benefit from price declining toward max pain. Max pain is falling across expirations ($19-$35), signaling increased put positioning or downside protection. Key magnetic zone at 35 where 8 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Max Pain By Expiry
Max pain for SLV shows a downward trend from 35 to 19, indicating bearish sentiment or hedging activity. The 51% spread signals divergent expectations across timeframes. Levels distributed around 34.49. Strong magnetic level at 35 (8 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 15, 2025 | 32 | -2.49 (-7.23%) |
| Aug 18, 2025 | 34.5 | 0.01 (0.01%) |
| Aug 20, 2025 | 34.5 | 0.01 (0.01%) |
| Aug 22, 2025 | 34.5 | 0.01 (0.01%) |
| Aug 25, 2025 | 34.5 | 0.01 (0.01%) |
| Aug 27, 2025 | 35 | 0.51 (1.46%) |
| Aug 29, 2025 | 34.5 | 0.01 (0.01%) |
| Sep 5, 2025 | 34.5 | 0.01 (0.01%) |
| Sep 12, 2025 | 34 | -0.49 (-1.43%) |
| Sep 19, 2025 | 31 | -3.49 (-10.13%) |
| Sep 26, 2025 | 34.5 | 0.01 (0.01%) |
| Sep 30, 2025 | 30 | -4.49 (-13.03%) |
| Oct 17, 2025 | 31 | -3.49 (-10.13%) |
| Nov 21, 2025 | 29 | -5.49 (-15.93%) |
| Dec 19, 2025 | 31.5 | -2.99 (-8.68%) |
| Dec 31, 2025 | 31 | -3.49 (-10.13%) |
| Jan 16, 2026 | 28 | -6.49 (-18.83%) |
| Mar 20, 2026 | 32.5 | -1.99 (-5.78%) |
| Mar 31, 2026 | 32 | -2.49 (-7.23%) |
| Apr 17, 2026 | 19 | -15.49 (-44.92%) |
| Jun 18, 2026 | 30 | -4.49 (-13.03%) |
| Jun 30, 2026 | 32 | -2.49 (-7.23%) |
| Sep 18, 2026 | 30 | -4.49 (-13.03%) |
| Jan 15, 2027 | 29 | -5.49 (-15.93%) |
| Jun 17, 2027 | 20 | -14.49 (-42.02%) |