🔴 Silver Trust ETF (PSLV) is trading 4.66% down amid silver's sharp decline

PSLV is trading at $20.03, down 4.66%, as silver’s sharp decline weighs on precious metals.

• Reports put silver down more than 3%, with higher Treasury yields and a firmer dollar weighing on non-yielding metals.
• President Trump’s rejection of Iran’s proposal to reopen the Strait of Hormuz reignited oil and inflation concerns, adding to expectations of further Fed tightening.
• The move is consistent with a broad precious-metals selloff, not a PSLV-specific catalyst.