🔴 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 February PPI data fueled inflation fears and pushed Treasury yields higher.

• The February Producer Price Index (PPI) rose 0.7% against a 0.3% forecast, driving 10-year Treasury yields to 4.224%.
• The Federal Reserve maintained interest rates at 3.50%-3.75%, signaling fewer rate cuts ahead due to persistent inflation and geopolitical risks.
• Rising yields and a hawkish central bank outlook continue to pressure non-yielding assets like silver.