Movement Alert｜iShares Silver ETF Falls 5.09% in Regular Trading, Spot Silver Plunges 4% Dragging Down Precious Metals Sector

On June 23, iShares Silver ETF (SLV) declined 5.09% in regular trading, trading at $56.085/share, with turnover of $531 million.

On the news front, spot silver plunged approximately 4% during the session, breaking below the key $63/oz level, directly dragging down the silver ETF which tracks London silver spot prices. Spot gold also fell over 1%, with the broader precious metals sector under significant pressure. Global financial markets saw a sharp rise in risk aversion, as Asian and European equity markets declined broadly, with notable selling in technology stocks and capital fleeing risk assets. Market participants were also monitoring uncertainties surrounding US-Iran peace negotiations and awaiting key US economic data to assess the inflation outlook, compounding volatility across precious metals.

Sector-wide linkage effects were pronounced. Among Hong Kong-listed precious metals stocks, Jiangxi Copper fell over 10%, Zijin Gold International dropped over 7%, and Zijin Mining declined 6%. US-listed peers First Majestic Silver fell 3% and Newmont Mining lost 2%.

The Trust seeks to reflect the performance of silver prices before payment of expenses and liabilities. It is not actively managed and does not engage in activities designed to profit from or ameliorate losses caused by changes in silver prices.

(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.)