PSLV is trading at $21.22, down 3.02% in pre-market on September 1, 2026, as renewed expectations for a September Federal Reserve rate hike following Chair Kevin Warsh’s hawkish Jackson Hole remarks strengthened the dollar and pressured precious metals.
- Silver itself was stable near $66.56 on September 1, suggesting PSLV’s pre-market decline may also reflect thin liquidity and widening closed-end-trust discount dynamics.
- Broader risk sentiment is also negative as Middle East tensions pushed oil above $90 and U.S. equity futures lower, although this is a secondary factor for a physical-silver trust.