PSLV is trading at $18.06, down -3.37%, with silver’s broad selloff the clearest driver. - Spot silver was reported down about 3% on October 22; another market snapshot showed a 3.6% decline. - Oil prices are rising amid Middle East tensions, adding inflation concerns; higher rate expectations and a firmer dollar weigh on non-yielding precious metals. - U.S. equities and futures are lower in a risk-off session, though silver is the more direct catalyst for PSLV.