On September 28, Sprott Physical Silver Trust fell 5.04% in pre-market trading, trading at $19.9517/share, with turnover of $2.8361 million.

On the news front, the Federal Reserve continued to release hawkish signals, with the 10-year U.S. Treasury yield holding above the 5% level while the U.S. Dollar Index broke through 101, sharply increasing the holding cost of zero-coupon precious metals. Meanwhile, the Chicago Mercantile Exchange raised margin requirements on silver futures contracts, forcing leveraged long positions into involuntary liquidation and amplifying the downward move.

Adding to the pressure, Brent crude oil surpassed $100 per barrel, intensifying inflation concerns. The market is now pricing a 65% to 70% probability of another Fed rate hike in October, putting broad-based pressure on the precious metals sector. The Global X Silver Miners ETF declined 4.7% in tandem, reflecting sector-wide weakness.

Sprott Physical Silver Trust is an exchange-traded commodity fund launched and managed by Sprott Asset Management, LP. The fund invests in commodity markets, primarily holding physical silver bullion in London Good Delivery bar form. It was formed on June 30, 2010 and is domiciled in Canada.

(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.)