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BUZZ-Silver miners fall on strong dollar, delayed rate cut expectations
Endeavor Group Holdings Inc Delist Post
Hecla Mining Company -4.41% Post
Coeur Mining, Inc. -4.76% Post
Endeavour Silver Corp. -7.33% Post
Silvercorp Metals Inc. -6.70% Post
Endeavor Group Holdings Inc EDR | 29.25 29.25 | Delist 0.00% Post |
Hecla Mining Company HL | 20.80 20.81 | -4.41% +0.05% Post |
Coeur Mining, Inc. CDE | 22.63 22.65 | -4.76% +0.11% Post |
Endeavour Silver Corp. EXK | 11.51 11.51 | -7.33% 0.00% Post |
Silvercorp Metals Inc. SVM | 11.84 11.80 | -6.70% -0.34% Post |
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%
