SLV is trading 2.7% down today as a risk-off market selloff takes hold following President Trump's naval blockade of the Strait of Hormuz and failed peace talks with Iran.
- Surging energy costs, with WTI crude hitting $104, are pressuring commodities like silver as investors rotate capital into the energy sector amid heightened uncertainty.
- Broader geopolitical instability, including tensions in the North Sea and recent high CPI data, continues to weigh on precious metals despite mixed performance across major indices.