Right now, SLVon is trading around $88.41, up a solid 4.38% over the last 24 hours. That’s a nice pop, especially as the broader crypto and commodities markets navigate choppy waters. The token rides on the back of the iShares Silver Trust (SLV), giving crypto investors direct exposure to silver without leaving the blockchain. With inflation concerns still hanging around and industrial demand for silver staying strong—think electronics, solar panels, medical tech—there’s real substance behind the recent momentum.
Ondo Finance has been busy expanding its tokenized asset offerings, rolling out to Solana and forging partnerships across Europe with players like Blockchain.com. This has bumped up accessibility and total value locked, feeding structural demand even when the crypto market mood turns sour. The fundamentals are lining up nicely, though the technicals tell a more complicated story.
What the Charts Are Saying
From a technical standpoint, SLVon is stuck below its 50-day and 200-day moving averages, which is generally bearish territory. Right now, five indicators are flashing bullish, but fourteen are leaning bearish. Not exactly a ringing endorsement. The Relative Strength Index (RSI) is hovering near oversold levels, which could mean a short-term bounce if buyers show up. But the MACD isn’t giving us much—it’s sitting neutral, so there’s no clear momentum signal yet.
Volatility is running high, measured by ATR, so expect bigger swings in either direction. That means opportunity, but also risk. The technicals suggest a fragile balance right now, with downside risk hanging overhead unless key resistance gets cleared decisively.
Support sits around $70.50 to $72, with resistance clustered between $71 and $74. If SLVon can push through that ceiling, we could see a run toward $80 to $90. But if support gives way, we’re looking at a drop toward the $50 to $60 range in a worst-case scenario. Daily moving averages near $70 are acting as intermediate buffers, while deeper support zones around $55 to $65 could come into play if things turn south.
The Next 30 Days
Given the current price of $88.41 and the fact that SLVon is trading below major moving averages, the short-term outlook suggests a pullback toward the $70 to $75 zone if resistance around $90 to $95 holds firm. Some AI-based models are pointing to an average target near $84.62, with a range between roughly $70 and $99. That reflects both upside potential and downside risk.
If bullish momentum builds—maybe from a spike in spot silver prices or positive macro news—SLVon could test the $100 mark. But without a clear catalyst, we’re probably looking at range-bound action or even a retreat back into the $60s.
Looking Ahead: 2026 to 2028 and Beyond
Zooming out to the end of 2026, several forecasting models put SLVon somewhere between $90 and $120, assuming silver fundamentals stay strong and the real-world asset (RWA) tokenization trend keeps growing. A mean estimate around $110 to $115 seems reasonable if silver spot prices trend upward and investor demand for tokenized exposure holds steady. On the flip side, if commodities cool off or regulatory headwinds pick up, SLVon could slide back to the $50 to $70 range.
Stretching further out to 2027 and 2028, the bullish case gets more interesting. If the RWA narrative gains steam, SLVon could hit $150 to $200 or more. That scenario assumes persistent inflation, robust industrial demand for silver, and continued infrastructure improvements like cross-chain liquidity and regulatory clarity. But if silver enters a prolonged correction or crypto investor sentiment shifts sharply, SLVon might stay stuck below $100 for a while.
Key Levels to Watch
A breakout above the 200-day simple moving average and a close above $95 would strengthen the bullish case significantly. On the downside, a breach below $70 would increase the odds of a slide toward $50 to $60. If the RSI climbs past 60 and the MACD shows a clear positive crossover, that would signal building upward momentum. Rising volume combined with widening Bollinger Bands and expanding volatility often precede sharp moves, so keep an eye on those.
What It Means for Investors
SLVon sits in a unique spot, blending commodities exposure with crypto infrastructure. That means you need to watch both sides of the equation: silver market drivers like supply constraints, industrial demand, and interest rates, plus crypto ecosystem dynamics like liquidity, sentiment, and regulatory developments. Token unlocks, platform integrations, and network expansion—especially on Solana—represent upside potential. But risks include sharp drops in spot silver, tightening monetary policy, and competition from other tokenized silver products.
In short, SLVon looks poised for potential gains over the next 6 to 12 months if silver fundamentals stay strong and infrastructure adoption continues. Short-term price action will likely swing between $70 and $100, probably trending downward before finding a base. Over the medium to long term, bullish scenarios reach into the $150 to $200-plus range, while conservative or risk-off cases land closer to $50 to $70. Watch for clear resistance breaks and strong support levels backed by volume to confirm trends, and stay tuned to broader commodities and macroeconomic signals.
