🔴 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 sparked inflation fears and sent Treasury yields climbing.

• The February Producer Price Index (PPI) rose 0.7% against a 0.3% forecast, driving 10-year Treasury yields to 4.224% and pressuring non-yielding assets.
• The Federal Reserve held interest rates at 3.50%–3.75% and signaled fewer rate cuts ahead, citing persistent inflation and geopolitical risks.
• Silver faced significant selling pressure as the combination of rising yields and a hawkish Fed outlook diminished the appeal of precious metals.