The iShares Silver Trust (SLV) experienced a significant 6.07% drop during overnight trading on Wednesday, mirroring the decline in spot silver prices, which fell below the $90 per ounce mark.
The drop in silver prices was driven by broader market movements, as investors reacted to shifting dynamics in the precious metals market. The SLV, which tracks the price of silver, was directly impacted by this downturn, leading to the sharp decline in its value.
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