🔴 Commodities-Focused ETF (SLV) is trading 3.45% down in pre-market as higher U.S. yields curb silver demand

SLV is trading at $44.00 (-3.45%) as higher U.S. yields and expectations of a December Fed rate hike reduced demand for silver.

• Overnight U.S. strikes on Iran’s Qeshm Island renewed geopolitical uncertainty.
• Reports also linked pressure on silver to the conflict’s inflation and rate outlook.