PSLV is trading 3% down today as investors reduce exposure to commodities and cyclicals amid heightened macro uncertainty and shifting geopolitical risks.
- The decline follows weaker silver-linked sentiment and collapsing oil prices, which have pressured the broader commodity complex.
- Markets are exhibiting caution ahead of the Federal Reserve’s meeting as investors reassess inflation, growth, and trade risks involving Iran.
- The sell-off reflects a broader rotation away from cyclical assets as global economic uncertainty persists.