🔴 SLV ETF (SLV) is trading 3.7% down today as surging Treasury yields and risk-off sentiment pressure metals

SLV ETF (SLV) is trading 3.7% down today as a sharp rise in global bond yields and shifting macro sentiment weigh on the precious metals complex.

• The 10-year U.S. Treasury yield has climbed above 4.6%, significantly increasing the opportunity cost of holding non-yielding assets like silver.
• A broader risk-off environment, triggered by weak Chinese economic data and Middle East tensions, is driving investors toward cash and high-yielding bonds.
• Industrial and precious metals ETFs are facing selling pressure as macro headwinds dampen the appeal of commodities relative to fixed-income alternatives.