Silver Miners ETF (SLVR) Drops 12% Amid Market Volatility and Payroll Data Shock
The Silver Miners ETF (NASDAQ: SLVR) fell 12% in a single day, marking an 17% weekly decline. The drop followed unexpectedly strong May payroll data that pushed up Treasury yields to a 16-month high, pressuring precious metals and leveraged mining stocks like SLVR.
Topics: leverage risk payroll data precious metals silver miners SLVR