BUZZ-Silver miners decline as US-Iran strikes boost inflation fears
Endeavor Group Holdings Inc EDR | 0.00 | |
Hecla Mining Company HL | 0.00 | |
Coeur Mining, Inc. CDE | 0.00 | |
Silvercorp Metals Inc. SVM | 0.00 | |
abrdn Physical Silver Shares ETF SIVR | 0.00 |
** U.S.-listed shares of silver miners fall premarket, tracking prices of the white metal GOL/
** Spot silver XAG= down 1.7% to $73.34 per ounce
** Prices fall as inflation fears were stirred up after the U.S. and Iran traded more air strikes, boosting the dollar and crude prices as well as fueling expectations of higher interest rates
** Shares of miners Hecla Mining HL.N drop 2% and Coeur Mining CDE.N slips 2.2%
** Canadian miners: Endeavour Silver Corp EDR.TO, EXK.N and Silvercorp Metals SVM.TO, SVM.N dip 2.4% and 1.2%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P each slides ~2%