Sprott Physical Silver Trust is trading 5.1% down today as silver extends a sharp pullback from its recent rally, reversing prior safe-haven and speculative inflows into the metal.
- The decline is part of a broader risk-off move tied to higher-for-longer Fed expectations and recent strong U.S. jobs data.
- These macroeconomic factors are pressuring precious metals and pushing investors out of leveraged and speculative silver exposure.