BUZZ-Silver miners fall as prices drop on commodity index rebalancing
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 |
Updates
** Shares of silver miners fall premarket, tracking a dip in prices of the white metal GOL/
** Spot silver XAG= declines 5% to $74.14 per ounce
** Prices fall as investors braced for futures selling tied to a commodity index reshuffle, with a stronger U.S. dollar adding pressure by making the metal costlier for overseas buyers
** Hecla Mining HL.N down 5% and Coeur Mining CDE.N down 4.2%
** Canadian miners: Endeavour Silver EDR.TO, EXK.N down 5.1%; Silvercorp Metals SVM.TO, SVM.N 4.2% lower
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down 5.3%
(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))