On September 28, iShares Silver Trust fell 5.1% in regular trading, trading at $55.1386/share, with turnover of $485 million. The sharp decline came amid a confluence of bearish catalysts that hammered the precious metals complex.

The core driver was the Federal Reserve's persistent hawkish signaling, which pushed the 10-year U.S. Treasury yield above 5% and propelled the U.S. Dollar Index past the 101 level. The elevated opportunity cost of holding zero-yield assets like silver triggered large-scale position unwinding across global trading desks. Spot silver plunged over 3.6% to near $61.9/oz, while spot gold simultaneously broke below $4,200/oz.

Compounding the sell-off, the CME Group raised margin requirements on silver futures contracts, forcing cash-strapped leveraged long positions into involuntary liquidation and amplifying downside momentum. The silver mining sector suffered in tandem, with the Global X Silver Miners ETF dropping 4.7%.

iShares Silver Trust seeks to reflect the performance of the price of silver, before payment of the Trust's expenses and liabilities. It is not actively managed and does not engage in any activities designed to obtain a profit from, or to ameliorate losses caused by, changes in the price of silver.

(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.)