🔴 SLV is trading 5.9% down today on hot PPI data and hawkish Fed inflation forecasts

SLV is trading 5.9% down at $64.65 following a hotter-than-expected Producer Price Index (PPI) report and hawkish signals from the Federal Reserve.

• February's PPI surged 0.7% against a 0.3% forecast, triggering an inflation shock that pushed Treasury yields to 4.224%.
• While the Federal Reserve held rates steady at 3.50%–3.75%, it raised year-end inflation projections to 2.7%, dampening the outlook for non-yielding precious metals.
• Rising energy costs driven by Middle East tensions are further complicating the inflation landscape, increasing pressure on silver as real yields rise.