SLV is trading 3.2% up today as silver prices rebound from a sharp pullback tied to yesterday’s risk-off rotation out of precious metals and crowded momentum trades.
- The broader equity market is firmer as investors digest softer June CPI data and dovish implications for Fed policy, supporting real assets and reversing part of Monday’s defensive unwind.
- Today’s move largely reflects a snapback in spot silver prices rather than idiosyncratic ETF-specific news.