Silver price slides 9% and SLV sinks as traders brace for Friday’s US CPI
Spot silver plunged 9.4% to $76.37 an ounce by midday Thursday in New York, after swinging between $84.98 and $74.97. U.S.-listed silver ETFs and miners tumbled, with iShares Silver Trust down 9.8% and Sprott Physical Silver Trust off 11.1%. The selloff followed strong U.S. jobs data and ahead of Friday’s inflation report, as traders reassessed Fed rate-cut odds.