SLV is trading 6.5% down today as inflation concerns intensify following February's Producer Price Index (PPI) surge to 0.7%, more than double the 0.3% forecast.
- Rising Treasury yields and a hawkish Federal Reserve stance are pressuring non-yielding precious metals assets.
- Geopolitical tensions in the Middle East are creating broader market uncertainty, weighing on commodities and growth-sensitive sectors despite supporting crude oil prices.