SLV is trading at $47.05, down -4.27%, as elevated long-term Treasury yields and expectations of a December rate hike weigh on non-yielding silver. - The Fed held rates steady, but its hawkish tone kept markets focused on possible further tightening. - Hotter September PCE inflation and stronger-than-expected growth reinforced those expectations; overnight COMEX and SHFE silver also fell. - Persistent inflation concerns are adding pressure to silver’s broader pullback.