SLV Implied Volatility
SLV $48.64 · Updated Oct 26, 4:00 PM ET
SLV at-the-money implied volatility is 45.4% for Oct 28, 2026 (2 days out). For Nov 27, 2026 it is 37.4%. 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 | 45.4% |
| Oct 30, 2026 | 4 | 48.5 | 43.1% |
| Nov 2, 2026 | 7 | 48.5 | 36.7% |
| Nov 4, 2026 | 9 | 48.5 | 39.0% |
| Nov 6, 2026 | 11 | 48.5 | 40.2% |
| Nov 9, 2026 | 14 | 49 | 37.5% |
| Nov 13, 2026 | 18 | 48.5 | 39.3% |
| Nov 20, 2026 | 25 | 48.5 | 38.1% |
| Nov 27, 2026 | 32 | 48.5 | 37.4% |
| Dec 4, 2026 | 39 | 48.5 | 37.1% |
| Dec 18, 2026 | 53 | 49 | 37.1% |
| Dec 31, 2026 | 66 | 49 | 36.6% |
SKEW, OCT 28, 2026
| Strike | Call IV | Put IV |
|---|---|---|
| 44 | 75.9% | 70.3% |
| 45 | 68.2% | 62.0% |
| 45.5 | 65.4% | 57.3% |
| 46 | 58.8% | 54.8% |
| 46.5 | 55.7% | 51.9% |
| 47 | 51.8% | 49.4% |
| 47.5 | 49.6% | 47.6% |
| 48 | 47.5% | 45.8% |
| 48.5 | 45.8% | 44.9% |
| 49 | 43.9% | 43.7% |
| 49.5 | 43.3% | 42.3% |
| 50 | 42.7% | 42.8% |
| 50.5 | 44.0% | 42.6% |
| 51 | 46.3% | 43.2% |
| 51.5 | 47.8% | 46.0% |
| 52 | 49.6% | 52.2% |
| 52.5 | 53.3% | 0.0% |
How this is calculated: Implied Volatility methodology