PSLV is trading at $16.71, down 4.19%, as hawkish Fed messaging and expectations of a possible December rate hike pressure non-yielding silver.

  • September PCE inflation came in at 3.6% year over year, reinforcing inflation concerns as investors assessed the data and rate outlook.
  • Silver also faced a firmer dollar and elevated Treasury yields.
  • Silver weakness is the direct sector driver for PSLV; the alert reports overnight declines in COMEX and SHFE silver.