PSLV is trading 3% up today as investors rotate into physical silver following a projectile attack near the Strait of Hormuz, which has intensified demand for safe-haven assets.
- Geopolitical instability in the Middle East is driving a flight to safety, benefiting physical silver vehicles over spot market alternatives.
- Falling energy prices are helping to ease inflation concerns, supporting a broader risk-on environment that favors precious metals positioning.
- The rally aligns with a general uptick in U.S. equities, even as some global silver spot markets continue to trade sideways.