Fortuna Silver Mines' stock soared 5.01% intraday on Monday, reflecting strong investor interest in silver mining stocks.
The surge comes as gold and silver stocks rose broadly after the U.S. Supreme Court struck down former President Donald Trump's sweeping tariffs, creating market uncertainty that pressured the dollar and pushed investors toward safe-haven assets like precious metals. Spot silver climbed to a more than two-week high, boosting related equities.
This ruling has revived concerns about global trade and economic stability, leading to increased demand for silver and gold as protective investments, which benefits miners such as Fortuna Silver Mines.
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