Fortuna Silver Mines' stock soared 6.83% during intraday trading on Friday, as precious metal stocks rallied.
The surge came after U.S. economic data showed slower-than-expected GDP growth and higher-than-expected inflation in December, boosting demand for silver and gold-related assets as safe-haven investments.
Other silver miners and ETFs also saw significant gains, with the sector broadly benefiting from the economic indicators that suggest continued inflationary pressures and economic cooling.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments