🔴 Commodities ETF (SLV) is trading 3% down in pre-market after hawkish Fed remarks

SLV is trading at $58.30, down 3.04% versus the August 31, 2026 close, as renewed expectations for higher U.S. interest rates pressure silver.

• December futures fell from an early $67.28 to $65.37 by 8:08 a.m. ET; September futures declined about 2.23% on September 1.
• Federal Reserve Chair Kevin Warsh’s hawkish August 28 Jackson Hole remarks renewed expectations for higher U.S. interest rates; higher yields and a stronger risk-off environment reduce demand for non-yielding precious metals, outweighing geopolitical support.