🔴 Commodities Focused ETF (SLV) is trading 3.5% down today as hotter producer-price inflation strengthens the dollar

SLV is trading at $58.59 (-3.50%) as hotter August producer-price inflation reinforces yield concerns ahead of the Federal Reserve decision.

• August PPI rose 0.4% month over month, reinforcing inflation and yield concerns before the Federal Reserve decision.
• Silver futures weakened as the dollar recovered and traders reduced defensive positioning after September 9’s advance.
• Ongoing U.S.-Iran escalation and Brent crude above $100 remain supportive, but higher yields and profit-taking are currently dominating.