SLV is trading at $75.61 (down 3.1%) as the collapse of an Iran ceasefire triggers a broad risk-off rotation into the U.S. dollar, reversing Monday's 6.8% rally.
- Hotter-than-expected CPI data (3.8% vs. 3.7% forecast) is pressuring growth-sensitive commodities as markets scale back expectations for Federal Reserve rate cuts.
- While silver typically serves as a safe-haven asset, the current strength of the dollar and broader risk-off sentiment are outweighing physical commodity demand.