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

SLV is trading 6.1% down at $64.86 today as hotter-than-expected inflation data and surging Treasury yields weigh on precious metals.

• February PPI data reached 0.7% versus a 0.3% forecast, fueling inflation concerns and driving 10-year Treasury yields to 4.224%.
• The Federal Reserve held interest rates at 3.50%–3.75%, signaling fewer potential cuts ahead due to persistent inflation and geopolitical tensions in the Middle East.
• Higher yields have reduced the appeal of non-yielding assets like silver, triggering a broad sell-off across the sector.