🔴 SLV is trading 6.1% down today on hot PPI data and rising Treasury yields

SLV is trading 6.1% down today after hotter-than-expected PPI data and rising Treasury yields pressured the precious metals market.

• February PPI data came in at 0.7% versus a 0.3% forecast, sparking fears that inflation remains persistent and pushing 10-year Treasury yields to 4.224%.
• The Federal Reserve held interest rates at 3.50%–3.75% and signaled fewer rate cuts ahead, weighing on non-yielding assets like silver.
• Persistent inflation concerns are being further exacerbated by energy disruptions in the Middle East, impacting the Fed's policy outlook.