SLV is trading at $66.83 (down 3.1%) today as geopolitical tensions and a broader market selloff weigh on commodity prices.
- Surging oil prices ($104 WTI) following the Iran crisis and Strait of Hormuz blockade have triggered a risk-off environment, causing silver to underperform as investors liquidate positions for cash.
- Despite record silver imports from China, macro headwinds are dominating sentiment, with pre-market volume at 3.0M shares—well below the 6.1M 30-day average.