🔴 iShares Silver Trust is trading 3.6% down today on higher-rate concerns and geopolitical tensions

iShares Silver Trust is trading 3.6% down at $64.56 in pre-market action, following a sharp decline in physical silver prices.

• The move significantly exceeds the ETF's typical daily expected volatility of approximately 2.5% compared to the previous close of $66.98.
• Precious metals are facing broad pressure as investors react to higher-rate concerns and a shift toward risk-off sentiment.
• Geopolitical tensions are further weighing on the sector, impacting the iShares Silver Trust as it tracks the performance of physical silver.