BUZZ-Silver miners fall on rising yields, stronger dollar
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 |
** Shares of silver miners fall, tracking prices of the white metal {GOL/]
** Spot silver XAG= down 8% at $76.30 per ounce
** Prices fall as surging Treasury yields and a stronger dollar reduced their appeal, while higher oil prices and Middle East tensions reinforced expectations of rising interest rates
** Hecla Mining HL.N falls 7.2%, Coeur Mining CDE.N slips 7%
** Canadian miners fall: Endeavour Silver EDR.TO and Silvercorp Metals SVM.TO 7.7% and 8.2%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P each slip 8.5%