SLV is trading 3.5% down today as the sharp pullback in silver prices continues following a multi-day slide.
- Precious metals are extending losses from the previous session amid higher Federal Reserve rate-hike expectations.
- Reduced demand for safe-haven assets is putting additional pressure on silver-linked products like the iShares Silver Trust ETF.
- Futures and spot data indicate a broad decline across the sector, tracking a continued retreat from recent highs.