BUZZ-Silver miners fall as oil-driven inflation fears boost rate-hike bets
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 0.8% to $76.10 per ounce
** Prices fall as elevated oil prices fueled fears of inflation and boosted expectations of U.S. interest rate hike this year
** Shares of miners Hecla Mining HL.N down ~1% and Coeur Mining CDE.N falls 1.2%
** Canadian miners: Endeavour Silver Corp EDR.TO, EXK.N and Silvercorp Metals SVM.TO, SVM.N both dip ~1%
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P each slides 1.3%