- SLV is trading 3.5% down today as spot silver prices drop following geopolitical tensions in the Strait of Hormuz, persistent dollar strength, and cautious sentiment ahead of upcoming Federal Reserve minutes.
- Spot silver saw initial declines of 2–3% today and has fallen approximately 9–11% over the past month.
- The SLV ETF is closely tracking the underlying commodity weakness as these macroeconomic and geopolitical factors weigh on precious metals.