SLV is trading at $51.99 (-3.63%) as investors rotate out of recent precious-metals momentum trades amid a broader risk-off tone in the market.
- The decline follows Monday’s selloff in U.S. equities and weaker Nasdaq sentiment, which has reduced appetite for defensive but crowded trades.
- The move appears driven by macro risk sentiment and sector-wide profit-taking rather than any fund-specific catalysts or news.