PSLV is trading 3.5% down today as silver prices fall sharply, tracking broader weakness across precious metals.
- The move appears driven by commodity-market selling and shifting expectations for interest rates rather than fund-specific news.
- Silver is currently underperforming gold as broader risk sentiment pressures the precious metals sector.
- As a physically backed trust, PSLV is moving in line with the decline in spot silver and related futures selling.