🔴 Silver Trust ETF (PSLV) is trading 5.84% down as sub-$50 silver faces hawkish Fed pressure

PSLV is trading at $15.91, down 5.84%, as silver’s selloff and hawkish Fed expectations weigh on the trust.

• Silver fell below $50 amid inflation concerns and possible Fed rate hike expectations.
• The Fed held rates with two dissenting votes for an immediate hike; September PCE inflation rose 3.6% year over year, reinforcing pressure on non-yielding precious metals. PSLV’s 7-day closes declined on October 29 and October 30’s live move; activity-level or volume data was not provided.