🔴 Silver ETF (SLV) is trading 3.88% down as hot CPI revived Fed-tightening concerns

SLV is trading at $51.25 (-3.88%) as hotter-than-expected September CPI revived Fed-tightening concerns.

• September CPI ran at 3.7% year over year, above the 3.6% consensus.
• Treasury yields near 5.2% and a firm dollar pressured non-yielding silver; industrial-demand concerns added downside pressure.
• Spot silver was down 1.97% in early U.S. trading, in line with broader precious-metals weakness.