On June 24, iShares Silver Trust (SLV) declined 5.13% in regular trading, trading at $52.85/share, with turnover of $1.054 billion.

On the news front, hawkish Federal Reserve expectations intensified selling pressure across precious metals. Bank of America projected the Fed will raise rates by 25 basis points in September, October, and December respectively, with the CME FedWatch tool showing an 89% probability of a December hike. Spot silver previously broke below $62/oz with a single-day drop of 4.80%, while gold futures fell 1.3% to $4,149.40/oz as rising rate concerns triggered a broad selloff from tech stocks into metals markets.

Compounding the decline, multiple banks have tightened leverage on precious metals trading, intensifying market selling pressure. Analysts noted that while short-term risk has been partially released following a significant Q2 correction in gold and silver, medium-term risks persist as rate hike expectations exceed prior market consensus. Long-term de-dollarization tailwinds remain intact but are currently overshadowed by monetary tightening headwinds.

(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.)