🔴 Commodities Focused ETF (SLV) is trading 4.08% down in pre-market as markets reduced defensive positioning

SLV is trading at $58.24, down -4.08% in pre-market as silver futures weakened after markets reduced defensive positioning following September 9’s sharp advance.

• COMEX silver was reported down 0.62%.
• U.S.-Iran escalation and Brent crude above $100 remain supportive, but higher inflation risk and rate pressure offset safe-haven demand.
• August PPI rose 0.4% monthly and 5.4% annually, reinforcing caution ahead of September 11 CPI data.