🟢 Silver ETF (PSLV) is trading 4% up today as Treasury buybacks push yields lower

PSLV is trading at $21.52 (+3.96%), primarily as Treasury buybacks lower yields and support precious metals.

• On August 19, the U.S. Treasury announced it would double long-term bond buyback operations to at least $4 billion, pushing the 30-year yield sharply lower.
• Silver rebounded alongside gold as easing yields and a weaker dollar improved bullion demand; spot silver was reported up 3.3% to $65.64 in later trading.
• The move rebounded from PSLV’s 3.72% decline on August 18.