$SLV

iShares Silver Trust (SLV) rose 4.42% to $56.22 on Wednesday, according to Benzinga Pro. The article attributes the silver rally to optimism around Hormuz, expectations of lower rates as inflation fears ease, a weaker U.S. dollar, and a widening supply deficit from record industrial and solar-related demand.

U.S. stock futures edged higher early Wednesday after reports of a near deal to reopen the Strait of Hormuz. Yardeni said his 8,250 year-end S&P 500 target is now “conservative.” Nasdaq futures rose 0.1%, S&P 500 and Russell 2000 0.4%. Stocks in focus included SpaceX-linked SPCX, AMD, PLTR, MSFT, RKLB, and silver ETFs SLV ahead of ADP jobs data.

Gold and silver fell on Friday as a stronger US consumer-spending report reduced expectations for a Federal Reserve rate cut and lifted the dollar. Gold dropped 1.54% to $4,043/oz and silver fell 2.18% to $57.79/oz. Mexico’s Fresnillo and Peru’s Buenaventura also declined, tracking silver. The article cites PCE and personal spending data and TIPS real-yield moves.

COMEX gold futures fell about 2.5% on July 23 after a two-day rally, trimming prior gains. SPDR Gold Shares (GLD) holdings rose by 2.0 metric tons to 1,007.87 tons, while iShares Silver Trust (SLV) holdings increased. CRU and JPMorgan cited oil-driven inflation expectations, yields, and technical weakness. Wells Fargo said gold’s risk-reward has improved and forecast $5,300-$5,500 by end-2026.

Gold and silver fell in Asian trading as Trump announced a 20% tariff on ships transiting the Strait of Hormuz and revived a blockade of Iranian tanker traffic, while investors awaited US CPI data and Fed chair Kevin Warsh’s testimony. Gold neared $4,000 per ounce and later $4,045; Brent rose to about $79.75. Bank and major tech earnings are also scheduled.

The article links a rebound in gold, silver and Bitcoin to a shift toward disinflation and lower expected U.S. rates. It cites Cleveland Fed inflation nowcasts turning negative and WTI falling to about $68 after a mid-June Iran-U.S. ceasefire. It also notes weaker June payrolls and easing Fed-hike odds, with gold/Bitcoin 60-day correlation at 0.92.

Silver is set for its worst June in nearly 15 years, falling over 20% and dropping from about $120/oz in late January. The article attributes the selloff to declines in gold (tracked by GLD) and a stronger U.S. dollar, alongside Fed rate-hike expectations. It cites U.S. GDP growth data and notes silver’s RSI near 30 before a rebound.

Silver prices have fallen, dragging iShares Silver Trust (SLV), which tracks silver, down about 8% year to date to around $63 versus a January high near $110. The article links the late-January drop to President Trump’s Fed chair pick, Kevin Warsh, and argues rate-cut uncertainty could boost safe-haven demand.

Silver prices fell Tuesday more than 4% to about $65/oz as markets turned risk-off and traders increased bets on additional Fed tightening. The metal broke below its 200-day moving average for the first time since April 2025 and RSI moved into oversold territory. The article links the move to hotter inflation and stronger jobs data, with CME FedWatch showing a 61% chance of a 25 bp hike by Oct 2026.

Silver prices have plummeted by 45% this year, entering a technical bear market, primarily due to investors booking profits after a significant rally and growing concerns over the Iran war's impact on the global economy. The iShares Silver Trust (SLV) ETF has seen substantial outflows, shedding over $3 billion in assets this year. Technical analysis suggests that silver may continue its decline towards the key support level of $50, influenced by its industrial uses and correlation with the global economic outlook.