SLV Implied Volatility
SLV $48.66 · Updated Oct 26, 4:00 PM ET
SLV at-the-money implied volatility is 46.8% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 38.1%. Near-term volatility is priced above longer-dated volatility, an inverted term structure that usually accompanies an event or stress.
TERM STRUCTURE (ATM IV)
| Expiration | DTE | ATM strike | ATM IV |
|---|---|---|---|
| Oct 28, 2026 | 2 | 48.5 | 46.8% |
| Oct 30, 2026 | 4 | 48.5 | 45.0% |
| Nov 2, 2026 | 7 | 48.5 | 37.9% |
| Nov 4, 2026 | 9 | 48.5 | 40.4% |
| Nov 6, 2026 | 11 | 48.5 | 41.4% |
| Nov 13, 2026 | 18 | 48.5 | 40.3% |
| Nov 20, 2026 | 25 | 48.5 | 38.9% |
| Nov 27, 2026 | 32 | 48.5 | 38.1% |
| Dec 4, 2026 | 39 | 48.5 | 37.9% |
| Dec 18, 2026 | 53 | 49 | 37.6% |
| Dec 31, 2026 | 66 | 49 | 37.1% |
| Jan 15, 2027 | 81 | 48.5 | 37.0% |
SKEW, OCT 28, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 44 | 65.6% | 70.3% |
| 45 | 62.5% | 62.5% |
| 45.5 | n/a | 57.8% |
| 46 | 55.1% | 55.1% |
| 46.5 | 51.6% | 52.3% |
| 47 | 50.0% | 50.0% |
| 47.5 | 52.1% | 49.5% |
| 48 | 49.8% | 46.9% |
| 48.5 | 47.2% | 46.5% |
| 49 | 44.7% | 46.9% |
| 49.5 | 43.8% | 46.9% |
| 50 | 43.8% | 49.4% |
| 50.5 | 44.9% | 51.0% |
| 51 | 46.9% | 54.3% |
| 51.5 | 50.0% | 52.0% |
| 52 | 50.8% | 58.6% |
| 52.5 | 53.1% | 58.6% |
How this is calculated: Implied Volatility methodology