SLV stock jumps as silver price climbs above $80; Venezuela turmoil and Fed cuts in focus
Shares of iShares Silver Trust (SLV) jumped 6.3% to $73.44 in New York Tuesday, tracking a 5.3% surge in spot silver after the U.S. captured Venezuela’s President Maduro. First Majestic Silver rose 7.9%. Traders cited safe-haven demand and bets on Federal Reserve rate cuts. About 70 million SLV shares changed hands by early afternoon.