On September 28, Sprott Physical Silver Trust fell 5.81% in regular trading, trading at $19.785/share, with turnover of $109 million.

On the news front, multiple bearish catalysts converged to hammer the silver market. The Federal Reserve continued to send hawkish signals, with the 10-year U.S. Treasury yield holding above 5% and the U.S. Dollar Index breaking through 101, sharply raising the carrying cost of zero-yield precious metals and triggering large-scale liquidations across global trading desks. Meanwhile, the Chicago Mercantile Exchange raised margin requirements on silver futures contracts, forcing leveraged long positions into involuntary liquidation and amplifying the downdraft.

Adding to the pressure, Brent crude surged past $100 per barrel, intensifying inflation concerns and pushing market-implied probability of another Fed rate hike in October to 65%–70%. The broader precious metals complex sold off in tandem, with the Global X Silver Miners ETF declining 4.7% in sympathy.

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