PSLV is trading at $21.21 (-3.04%) as hawkish Fed messaging lifted September hike expectations and pressured silver.
- Kevin Warsh’s August 28 Jackson Hole speech, a stronger U.S. dollar, and higher global yields reduced demand for non-yielding precious metals; markets priced a 65% September Fed-hike probability.
- Japan’s 10-year yield reaching 3% intensified global bond-market stress and risk aversion.