SLV is trading 3.2% down in pre-market at $75.50 on profit-taking and broader risk-off sentiment following the collapse of the Iran ceasefire.
- US futures are trading lower (S&P 500 -0.37%, Nasdaq -0.76%) as geopolitical tensions push Brent crude above $105 and strengthen the dollar to 98.14.
- The decline reverses yesterday's 6.8% rally to $78.00, which was driven by optimism surrounding the Trump-Xi trade summit.
- No fresh silver-specific catalysts were reported today, with commodity ETFs generally underperforming major indices.