The iShares Silver Trust (SLV) experienced a significant 5.09% decline during night session trading, reflecting broader weakness in silver prices amid escalating geopolitical tensions in the Middle East.
The decline comes as spot silver dropped over 4.7% while gold advanced, highlighting a divergence in safe-haven flows. Market analysts attribute silver's weakness to the ongoing U.S.-Israel-Iran conflict, which has created uncertainty across commodity markets and prompted varied reactions among precious metals.
Geopolitical risks from the Middle East conflict have introduced new volatility to markets, with silver ETFs particularly affected by the changing risk sentiment. The conflict has sparked concerns about economic impacts and supply chain disruptions, contributing to the downward pressure on silver prices despite gold's traditional safe-haven appeal during such tensions.

