BUZZ-Silver miners gain on Fed rate cut hopes, weaker US dollar

Reuters11-10
BUZZ-Silver miners gain on Fed rate cut hopes, weaker US dollar

** U.S.-listed shares of silver miners rise premarket, tracking prices of the white metal GOL/

** Spot silver XAG= rose 3.1% to $49.79/ounce, reaching its highest since October 21

** Prices rise as weak U.S. economic data bolsters expectations for a U.S. Federal Reserve rate cut next month, while a softer dollar lends further support

** Hecla Mining HL.N up 4.8%, and Coeur Mining CDE.N rises 6.4%

** Canadian miners Endeavour Silver EDR.TO, EXK.N up 6.3% and Silvercorp Metals SVM.TO, SVM.N rises 4.4%

** Abrdn Physical Silver Shares ETF SIVR.P up 3.1% and iShares Silver Trust SLV.P up 3%

(Reporting by Pranav Mathur in Bengaluru)

((Pranav.Mathur@thomsonreuters.com;))

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