🔴 SLV is trading 8.3% down today on hot PPI data, rising Treasury yields, and Fed hawkishness

SLV is trading 8.3% down today as silver prices plunged to $66.93 per ounce following hotter-than-expected PPI data and a hawkish Federal Reserve outlook.

• February PPI rose 0.7% against a 0.3% forecast, fueling inflation concerns and pushing 10-year Treasury yields to 4.224%, which pressured non-yielding precious metals.
• The Federal Reserve maintained interest rates at 3.50%-3.75% and signaled only one rate cut for 2026, citing potential energy crisis risks in the Middle East.