🔴 Silver ETF (PSLV) is trading 4.5% down in pre-market as silver futures retreat

PSLV is trading at $21.07 (-4.49%) as overnight silver futures fell roughly 2.4%, reversing after silver gained 2.46% on September 9.

• Firmer global bond yields and a stronger dollar pressured non-yielding precious metals.
• The U.S.-Iran escalation and oil above $100 initially supported haven demand, but inflation concerns and rising yields appear to be dominating the pre-market move.