BUZZ-Silver miners fall on strong dollar, delayed rate cut expectations
Endeavor Group Holdings Inc EDR | 29.25 29.25 | Delist 0.00% Pre |
Hecla Mining Company HL | 19.12 19.25 | -2.89% +0.68% Pre |
Coeur Mining, Inc. CDE | 19.67 19.94 | -7.09% +1.37% Pre |
Endeavour Silver Corp. EXK | 9.86 9.97 | -1.20% +1.12% Pre |
Silvercorp Metals Inc. SVM | 12.35 12.35 | -0.40% 0.00% Pre |
Updates
** Shares of silver miners fall, tracking prices of the white metal GOL/
** Spot silver XAG= down 11.2% at $79.42/ounce
** Prices fall, weighed down by a stronger dollar and fading prospects for interest rate cuts as inflation concerns intensified against the backdrop of a potentially prolonged Middle East conflict
** Shares of miners Hecla HL.N and Coeur CDE.N down 14.1% and 13%, respectively
** Canadian miners Endeavour Silver EDR.TO and Silvercorp Metals SVM.TO dip 13.2% and 12.4%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down ~12%