Weekly Feature | Nasdaq Dorsey Wright

Weekly Feature

Published: February 5, 2026

This content is for informational purposes only. This should not be construed as solicitation. The general public should consult their financial advisor for additional information related to investment decisions.

With no changes to any of the iShares models this week, we look at the iShares MSCI Global Silver Miners ETF (SLVP).

There are no changes to any of the iShares models this week. Precious metals priced dropped precipitously last Friday (1/30) with silver falling more than 30%, its largest one-day move as far back as we have data in the NDW system. As precious metals prices dropped, so did producers – the iShares MSCI Global Silver Miners ETF (SLVP) fell to $37.50, down 25% from the all-time it reached in January.

While SLVP saw a dramatic drop, its relative strength picture remains largely intact as the fund still has a strong 5.14 fund score, which is 0.40 points better than the average for all precious metals funds, making this decline a potential buy on pullback opportunity. SLVP reversed up on Tuesday (2/3) establishing support at $37.50; additional support is afforded at $34.50 and $33. Year-to-date (through 2/4) SLVP has gained 18.7% on a price return basis; the fund also carries a 1.6% yield.

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DISCLOSURE

**Unless otherwise stated, the performance numbers herein are based on price returns and do not include dividends or all transaction costs. Past performance is not indicative of future results. Potential for profits is accompanied by possibility of loss. BlackRock sponsors the Dorsey Wright iShares ETF Models. However, analysis, models and recommendations are created and provided solely by Dorsey, Wright & Associates (Dorsey Wright). Neither BlackRock, BlackRock Advisors and its affiliates, nor SEI Investments Distribution Co. or its affiliates (SEI) are affiliated with Dorsey Wright. Neither BlackRock nor SEI provides investment advice or recommendations regarding any security, fund or market. Analysis, models and recommendations should not be considered an offer to purchase or sell, or a solicitation of an offer to buy or purchase any security, including iShares. The examples presented do not take into consideration commissions, tax implications, or other transactions costs. No individual risk management tools are used in maintaining this model. This model may not be suitable for all investors. As the investment professional making the final decision with respect to allocations, remember to adhere to NASD Rules 2090 and 2111 (formerly NYSE Rule 405, Know Your Customer). The percentage of the portfolio devoted to any iShares strategy, as well as final individual weightings are at the sole discretion of the financial advisor and not Dorsey, Wright & Associates, BlackRock or SEI Investments Distribution Co. or its affiliates (SEI) . If you are not familiar with the Point & Figure methodology, we suggest you read "Point & Figure Charting, 4th Edition" by Thomas J. Dorsey or visit the PnF University at www.dorseywright.com. If you are not familiar with the iShares products, or Exchange Traded Funds (ETFs), we suggest you visit www.ishares.com for more information.