SIVR is trading at $53.89, down 3.88%, as hotter-than-expected September CPI renewed concerns about Federal Reserve tightening and weighed on precious metals.
- September CPI rose 0.6% monthly and 3.7% year over year, above the 3.6% consensus.
- Silver and gold fell. SIVR holds physical silver, making broad silver-market weakness the most relevant explanation; no SIVR-specific catalyst was found.