Stock Track | iShares Silver Trust Plunges 5.28% in Pre-market as Silver Follows Gold Lower Amid Market Volatility

Stock Track
Mar 23

The iShares Silver Trust (SLV) experienced a significant pre-market plunge of 5.28% on Monday, reflecting sharp declines in the silver market.

This substantial drop in the silver ETF comes as silver prices are being pulled lower by gold's sharp decline, according to market analysis. Gold has hit its lowest levels in weeks, with volatility triggered by ongoing Middle East conflict, shifting market sentiment between extreme panic and safe-haven demand, and a complete repricing of interest rate paths amid rising inflation expectations.

While silver possesses dual characteristics as both a precious metal and industrial commodity, its price movement remains closely tied to gold's performance during periods of market stress. Soaring energy prices are transmitting inflationary pressures globally through supply chains, contributing to the broader precious metals selloff that is impacting silver prices and the iShares Silver Trust.

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