PSLV is trading at $15.73 (-3.32%) as overnight silver weakness followed reports of U.S. strikes on Iran’s Qeshm Island. - Silver’s overnight decline reversed Monday’s rebound; one early spot feed showed silver down 3.21%. - Higher oil prices and renewed inflation concerns may reinforce expectations of tighter U.S. monetary policy, weighing on non-yielding precious metals. - Pressure appears commodity- and macro-driven; no PSLV-specific news or verified pre-market volume was identified.