SLV is trading at $58.95, up 3.33% versus the September 16 close of $57.05, following precious-metals strength after the Federal Reserve’s 25-basis-point hike and guidance pointing to another possible increase this year.
- Silver futures were recently quoted up about 1.66%; spot silver subsequently rose about 0.8% after an initial post-decision dip.
- Broader risk-on futures are supportive, but higher yields and a firmer dollar limit confidence.