Why Is iShares Silver Trust ( $SLV) ETF Down 4.64% Today? (Find out why any stock moved today on Tickeron.) The SLV ETF fell 4.64% to $55.44, down from a prior close of $58.14. Silver prices tumbled toward $61 an ounce, their lowest level since early August, d

Why Is iShares Silver Trust ( $SLV) ETF Down 4.64% Today? (Find out why any stock moved today on Tickeron.) The SLV ETF fell 4.64% to $55.44, down from a prior close of $58.14. Silver prices tumbled toward $61 an ounce, their lowest level since early August, dragging the physically backed fund lower. The primary catalyst was a surge in oil prices after the US rejected an Iranian proposal to reopen the Strait of Hormuz, rekindling inflation fears. Renewed bets on further Federal Reserve rate hikes, a stronger dollar, and Treasury yields near multi-decade highs amplified the decline. $SIVR $PSLV $GLTR $CEF $DBP