$iShares Silver Trust(SLV)$  $Sprott Trust(PSLV)$  $XAG/USD(XAGUSD.FOREX)$   SLV: The Silver ETF at the Center of Volatility, Inflation, and Opportunity The iShares Silver Trust (SLV) is one of the most actively traded silver exchange-traded funds in the world. Designed to track the price of physical silver, SLV offers investors a liquid, accessible way to gain exposure to silver without handling bullion. Yet beneath its simple structure lies a complex intersection of macroeconomics, industrial demand, monetary policy, and market psychology. What Is

$iShares Silver Trust(SLV)$   The iShares Silver Trust (SLV) experienced a significant intraday plunge of 4.72% on January 8, 2026, closing at $67.61, down from the previous day's close of $70.96. The decline was driven by a combination of factors, including: Commodity Index Rebalancing: The drop mirrored a broader downturn in silver prices, influenced by annual commodity index rebalancing activities Dollar Strength: A stronger U.S. dollar weighed on silver prices, as it typically makes dollar-denominated commodities like silver more expensive for foreign investors Investor Caution and Profit-Taking : Some investors may have taken profits amid the volatility, exacerbating the downward pressure The trading volume