SIL is trading 3.29% down at $89.66 as higher Treasury yields weigh on silver miners after the Fed raised rates 25 basis points to 3.75%-4.00% on September 16, 2026; stronger retail sales reinforced expectations for tighter policy.
- The decline appears primarily macro-driven, not company-specific.
- Silver previously fell around 4% as rate-hike expectations increased, underscoring silver’s sensitivity to tighter policy.
- SIL tracks a global silver-mining index with 39 holdings, limiting evidence of a single-company catalyst.