🔴 SLV is trading 4.13% down today on hot PPI data and rising Treasury yields

SLV is trading at $68.70 (-4.13%) today as hotter-than-expected PPI data fueled inflation fears and pushed Treasury yields higher.

• February Producer Price Index (PPI) data came in at 0.7% vs. a 0.3% forecast, driving 10-year Treasury yields to 4.224% and pressuring precious metals.
• The Federal Reserve held interest rates at 3.50%-3.75%, signaling fewer rate cuts ahead due to persistent inflation and geopolitical risks stemming from Middle East oil disruptions.