BUZZ-Silver miners rise on long-term demand

Reuters04-19

** Silver miners rise, tracking prices of the precious metal

** Spot silver up 0.3% at $28.31 per ounce

** "The silver shortage narrative is gaining attention, with demand consistently outpacing new supply. This imbalance could lead to a significant price adjustment in the future" - Alexander Zumpfe, precious metals trader at Heraeus Metals

** "Long-term trends in the silver market remain bullish, and while short-term price movements can be volatile and influenced by futures trading," says Zumpfe

** Hecla Mining and Coeur Mining jump 1% and 1.5%, respectively

** Canadian miners MAG Silver , Pan American Silver

and First Majestic Silver rise between 1.3% and 0.7%

** SilverCrest Metals second highest gainer in S&P/TSX Composite Index

(Reporting by Roshia Sabu in Bengaluru)

((Roshia.Sabu@thomsonreuters.com))

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

We need your insight to fill this gap
Leave a comment