🔴 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 inflation data and surging Treasury yields triggered a sell-off in precious metals.

• February PPI data came in at 0.7% against a 0.3% forecast, fueling inflation fears and driving 10-year Treasury yields to 4.224%.
• The Federal Reserve held interest rates at 3.50%–3.75% and signaled fewer rate cuts ahead, citing persistent inflation and geopolitical risks.
• Rising yields continue to pressure non-yielding assets like silver as the market adjusts to a higher-for-longer interest rate environment.