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

SLV is trading 6.1% down today as hotter-than-expected inflation data and a surge in Treasury yields dampened investor appetite for precious metals.

• February PPI data came in at 0.7% against a 0.3% forecast, fueling inflation fears 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 due to persistent price pressures and geopolitical tensions in the Middle East.
• Non-yielding assets like silver faced significant selling pressure as the hawkish economic outlook contributed to a broader market decline.