🔴 SLV is trading 3.4% down today as US-Iran tensions trigger risk-off sentiment

SLV is trading down 3.4% at $65.95 as geopolitical tensions between the US and Iran drive a broader market selloff and risk-off sentiment.

• The decline followed initial reports of an Iranian missile strike on a US Navy frigate; though later refuted, the news triggered a spike in crude oil prices and pressured both commodities and equities.
• Broader market indices are also in the red, with the S&P 500 down 0.36% and the Nasdaq down 0.32%, despite the lack of any silver-specific catalysts.
• Investors are reacting to the heightened volatility by moving away from risk assets, impacting the silver ETF alongside the wider market.