SLV is trading 5.74% down today as February's Producer Price Index (PPI) surged to 0.7%—more than double the 0.3% forecast—reigniting inflation concerns and pressuring non-yielding assets.
- The 10-year Treasury yield climbed to 4.224%, increasing the opportunity cost for precious metals as the Federal Reserve maintains a hawkish stance.
- Geopolitical tensions in the Middle East and a broader market selloff, including a 1.46% drop in the Nasdaq, have accelerated investor rotation toward yield-bearing assets.