🔴 SLV is trading 6.4% down today on hot PPI data and rising Treasury yields

SLV is trading 6.4% down today as 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% and pressuring non-yielding precious metals like silver.
• Downside pressure is compounded by the Federal Reserve's hawkish stance holding interest rates at 3.50%-3.75% and broader market volatility from Middle East energy shocks.