🔴 SLV is trading 7.5% down today on hotter-than-expected PPI data and surging Treasury yields

SLV is trading 7.5% down today following hotter-than-expected February PPI data that fueled inflation fears and pushed Treasury yields higher.

• February 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 decline aligns with a broader market selloff as the Fed maintains a hawkish stance, holding rates at 3.50%-3.75% and signaling only one rate cut for 2026.
• Market sentiment is further dampened by an energy crisis in the Middle East, compounding the downward pressure on precious metals.