SLV is trading 5.4% down today following a sharp decline triggered by February's Producer Price Index (PPI) surging to 0.7%, significantly higher than the 0.3% expected.
- Treasury yields spiked to 4.224% as the Federal Reserve maintained a hawkish stance, keeping rates at 3.50%–3.75% and raising its year-end inflation outlook to 2.7%.
- The rise in yields pressured non-yielding precious metals, while geopolitical tensions in the Middle East pushed Brent crude toward $110 per barrel, compounding market volatility.
- Risk-off sentiment has intensified across the commodities sector as investors weigh the impact of persistent inflation on future monetary policy.