SLV is trading 3.8% down today as silver prices slide amid rising Treasury yields and a firmer U.S. dollar, which reduce the appeal of non-yielding precious metals.
- Hawkish Federal Reserve commentary and ongoing geopolitical tensions are keeping inflation concerns and interest rate expectations elevated, weighing on silver's role as both an industrial and safe-haven asset.
- Broader risk-off sentiment, reflected in weaker equity futures, is adding further downside pressure to commodities-linked assets like the silver ETF.