SLV is trading 3% down today as rising U.S. Treasury yields and anticipation of the FOMC decision pressure non-yielding assets.
- Silver prices face headwinds from energy-driven inflation concerns linked to Middle East tensions and potential U.S.-Iran conflict.
- The ETF has experienced a surge in outflows as investors position cautiously ahead of the Federal Reserve's interest rate announcement.
- Technical hesitation near key support levels aligns with broader market weakness, contributing to the bearish outlook.