SLV is trading at $55.17, down 5.11%, as its sharper decline tracks silver’s commodity selloff. - Silver fell 2.6% to $62.64 in early Asian trading as higher oil revived rate-hike concerns. - President Trump’s rejection of Iran’s Hormuz proposal renewed oil-supply concerns; rising Treasury yields and a firmer dollar pressured non-yielding precious metals. - Broader market weakness may add pressure.