🔴 SIL is trading 3.1% down today as spot silver prices slide nearly 5%

SIL is trading at $74.19 (3.1% down), extending yesterday’s drop and mirroring fresh weakness in silver prices.

• The ETF is reacting to a nearly 5% slide in the spot price of silver and a risk-off tone hitting miners and cyclicals.
• Broader U.S. indices are also under pressure ahead of closely watched Fed minutes and heightened geopolitical tensions.