PSLV is trading at $16.81, up 4.93%, as silver’s sharp rebound drives the move.

  • Reports put silver up about 4%, supported by a weaker U.S. dollar and falling Treasury yields after Democrats secured control of Congress.
  • The rally reverses recent silver weakness; geopolitical and Iran-related uncertainty may add safe-haven support, though coverage of silver’s direction was mixed.
  • This is a commodity-driven move, not a broad-equity rally; major U.S. index futures were higher only modestly.