A current estimation circuit is configured to estimate current within a power switch, e.g., within a switching voltage converter, using a voltage measured across its load terminals and its on-state resistance. Ringing and other transient anomalies associated with a turn-on transition of the power switch are neglected by ignoring the measured voltage across the power switch for a blanking interval after the transition. During the remainder of the conduction interval of the power switch, the measured voltage is sampled to provide first and second samples. Also during this interval, a slope of the measured voltage is estimated and tracked. The estimated slope and the first and second samples are combined to produce an estimate of the current for the entire conduction interval of the power switch, including the blanked interval. The estimated slope is used to correct for inaccuracy introduced by not using measured voltage during the blanking interval.