SIVR is trading at $58.44 (-4.47%) as rising oil prices and renewed inflation concerns reinforce expectations of further Federal Reserve rate hikes, pressuring non-yielding metals.
- Reuters reported spot silver fell 4.3% on September 28; CNBC also cited higher bond yields cooling demand for precious metals.
- Oil-market concerns revived after Iran’s Hormuz proposal was rejected.
- No SIVR-specific announcement surfaced; the ETF tracks silver bullion, so its move reflects the underlying metal and broader rate and geopolitical sentiment.