On July 8, Sprott Physical Silver Trust declined 5.03% in regular trading, trading at $18.355/share, with turnover of $80.42 million. The sell-off reflects intensifying macro headwinds weighing on silver-linked assets.

On the news front, Federal Reserve rate hike expectations continue to heat up, with markets pricing in over 80% probability of at least one 25-basis-point increase before year-end. The U.S. dollar index remains elevated, raising the holding cost of non-yielding assets such as silver. Meanwhile, Iran recently fired missiles at commercial vessels near the Strait of Hormuz, pushing oil prices higher and fueling inflation concerns, which further reinforces the tightening trade narrative. Spot silver has broken below the $60 level, extending its corrective trend and dragging down silver-backed trusts.

Sprott Physical Silver Trust is an exchange traded commodity launched and managed by Sprott Asset Management, LP. The fund invests in the commodity markets, primarily holding physical silver bullion in London Good Delivery bar form. It was formed on June 30, 2010 and is domiciled in Canada.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)