SLV is trading 8% down today as hotter-than-expected February PPI data drove Treasury yields to 4.224% and fueled inflation fears that are weighing on precious metals.
- The Federal Reserve held rates steady on March 18, signaling a more restrictive path with only one rate cut projected for 2026 following energy price shocks in the Middle East.
- The sell-off is compounded by broader market weakness, with the S&P 500 falling 0.71% as geopolitical tensions drive energy costs higher.