SLV is trading 8.3% down today as hotter-than-expected February PPI data fueled inflation fears and pushed Treasury yields higher, weighing on precious metals.
- The 10-year Treasury yield rose to 4.224% after PPI data arrived at 0.7% versus the 0.3% forecast, increasing the opportunity cost for non-yielding assets like silver.
- Market sentiment is further dampened by the Federal Reserve's hawkish stance, with interest rates held at 3.50–3.75% and only one rate cut projected for 2026.
- Geopolitical tensions in the Middle East have driven energy prices higher, compounding inflationary concerns and broader market weakness.