🔴 Commodities Focused ETF (SLV) is trading 5.6% down in pre-market as rising yields and dollar curb silver demand

SLV is trading at $54.90, down 5.57%, as rising Treasury yields and a firmer dollar reduced demand for non-yielding silver.

• Silver fell alongside precious metals; silver futures lost about 5% on September 28.
• President Trump’s rejection of Iran’s proposal revived oil-driven inflation concerns and expectations of restrictive Fed policy. The 10-year Treasury yield reached about 5.23%, while silver futures traded near $61.785.