SLV is trading 8.6% down today as silver prices plummeted to $66.93 per ounce following hotter-than-expected inflation data and a hawkish Federal Reserve outlook.
- February PPI rose 0.7% against a 0.3% forecast, driving 10-year Treasury yields to 4.224% and pressuring non-yielding precious metals.
- The Fed maintained interest rates at 3.50%–3.75% with guidance for only one rate cut in 2026, while Middle East oil shocks further weighed on commodity sentiment.