SLV is trading 3.0% down at $52.82 today as silver prices extend a sharp decline. - The primary driver is President Trump's announcement ending the Iran ceasefire, sparking significant geopolitical tensions and a rotation out of risk assets. - This also contributed to a stronger U.S. dollar, further pressuring precious metals. - Market sentiment also remains cautious ahead of the release of the June FOMC Minutes today, which may reshape interest rate expectations.