SLV is trading 5.1% down today as silver prices reverse gains following Iran's rejection of a U.S. peace proposal.
- Geopolitical risks have reignited in the Middle East after Donald Trump issued a four-day deadline and threatened Iranian energy infrastructure.
- The move erases yesterday's 3.6% gain, which was driven by initial hopes for a ceasefire.
- Broader markets are also under pressure, with the S&P 500 currently down 0.81%.