SLV is trading at $58.31, down 3.02% from the August 31, 2026 close as Chair Kevin Warsh’s hawkish Jackson Hole comments increased expectations for a September rate hike.
- Silver futures opened at $67.28 before falling to $65.37 as higher prospective rates and a firmer dollar pressured non-yielding silver.
- Japan’s 10-year yield reaching 3% and renewed Middle East tensions added to global risk-off pressure, though Fed-driven repricing remained the primary catalyst.