The iShares Silver Trust (SLV) fell 4.40% on April 9, 2026. The fund closed at $65.68 per share.
A fragile ceasefire agreement between the U.S. and Iran triggered a broader sell-off in precious metals. This de-escalation reduced demand for safe-haven assets and prompted immediate profit-taking.
Investors withdrew significant capital from precious metal ETFs following silver's recent price surge. The shift in sentiment led market participants to question the role of silver and gold as reliable stores of value during periods of instability.