SLV is trading 7.8% down today as silver prices fell to $66.93 per ounce, pressured by hotter-than-expected PPI data and a hawkish shift in Federal Reserve projections.
- February PPI rose 0.7% (vs. 0.3% expected), driving 10-year Treasury yields to 4.224% and pressuring non-yielding precious metals.
- The Fed's March 18 decision to hold rates at 3.50%-3.75% with only one cut projected for 2026 has fueled broader risk-off sentiment.
- Geopolitical tensions and Middle East energy shocks are further contributing to the downward pressure on silver as inflation fears persist.