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

SLV is trading 6.1% down today following hotter-than-expected February PPI data that fueled inflation fears and pushed Treasury yields higher.

• The PPI rose 0.7% versus a 0.3% forecast, driving 10-year Treasury yields to 4.224% and pressuring non-yielding assets like silver.
• The Federal Reserve maintained interest rates at 3.50%-3.75%, signaling fewer cuts due to persistent inflation and geopolitical risks in the Middle East.