🔴 Silver is trading 4% down today as capital rotates out of defensive assets and into record-high U.S. equities

SI=F is trading 3.9% down at $81.59 following a sharp rotation out of defensive assets and into record-high U.S. equities.

• No major silver-specific fundamental news has emerged, with the price decline driven primarily by broader risk-on sentiment and strong stock market performance.
• Traders are monitoring whether this risk rotation persists or if renewed macro or geopolitical concerns will revive demand for safe-haven assets like silver.