PSLV is trading at $21.22, down 3.11%, despite silver strengthening to approximately $67.40, so weaker bullion prices do not explain the decline.
- Its existing discount to NAV was approximately 4.24%, creating scope for widening or thin pre-market liquidity.
- Treasury yields near 4.97% and a stronger dollar continue pressuring non-yielding precious-metals vehicles.
- Broader futures were mixed, indicating limited market-wide selling pressure. Confidence is medium.