New York, January 7, 2026, 17:33 EST — After-hours

• iShares Silver Trust (SLV) fell about 3.7% after the bell, tracking a sharp drop in spot silver.
• Silver miners including First Majestic, Pan American and Hecla also slid, amplifying the metal’s move.
• Focus turns to Friday’s U.S. payrolls report and near-term commodity index rebalancing flows.

The iShares Silver Trust (SLV), a closely watched proxy for the silver price, fell about 3.7% in after-hours trading on Wednesday as silver pulled back, dragging U.S.-listed silver miners lower.

The setback matters because silver’s rally has been a crowded trade and the instruments tied closest to spot prices tend to swing hardest when positioning shifts. When the…