SLV is trading 7.5% down today following hotter-than-expected February PPI data and a hawkish shift in Federal Reserve interest rate projections.
- February PPI data reached 0.7% versus a 0.3% forecast, pushing 10-year Treasury yields to 4.224% and increasing pressure on non-yielding assets like silver.
- The Federal Reserve signaled only one rate cut for 2026 amid Middle East energy shocks, amplifying the selloff in risk assets including precious metals.