🔴 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 fueled inflation fears and pushed Treasury yields higher.

• February PPI rose 0.7% versus a 0.3% forecast, driving 10-year Treasury yields to 4.224% and pressuring precious metals like silver.
• The Federal Reserve held rates at 3.50%–3.75% and signaled fewer cuts ahead, citing persistent inflation and Middle East geopolitical risks.
• Higher interest rate expectations continue to weigh on non-yielding assets, further impacting silver's performance.