iShares Silver Trust Slides as Dollar Strength and Yields Weigh on Silver

Key Facts

1iShares Silver Trust is trading lower Wednesday as silver prices retreat.

2The decline in silver is driven by a stronger US dollar and rising bond yields.

In a move reflecting the sensitivity of precious metals to US monetary policy, the iShares Silver Trust experienced a decline on Wednesday as silver prices retreated. According to reports, the downturn is primarily driven by a strengthening US dollar and rising bond yields, which have placed downward pressure on the ETF's performance.

These market movements follow hawkish signals from the Federal Reserve, which have bolstered the US dollar against dollar-denominated commodities. Per market data, silver's retreat toward the $66.50 level underscores the sector's ongoing vulnerability to Treasury yield fluctuations and the central bank's interest rate trajectory.

At the close of September 22, 2026, SLV was priced at $60.73, having traded between a day high of $61 and a low of $59.05. With no major economic catalysts listed in the upcoming calendar for the next few days, traders will likely focus on whether current support levels hold amid dollar volatility.