BUZZ-Silver miners fall as investors turn wary ahead of year-end US data

Reuters12-16
BUZZ-Silver miners fall as investors turn wary ahead of year-end US data

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

** Spot silver XAG= fell 1.4% to $63.03/ounce, after touching a record high of $64.65 on Friday

** Prices slid as investors turn cautious ahead of key U.S. jobs and inflation data, which could provide cues for Federal Reserve policy heading into the new year

** Hecla Mining HL.N down 1.4% and Coeur Mining CDE.N down ~2%

** Canadian miners Endeavour Silver EDR.TO EXK.N down 1.2% and Silvercorp Metals SVM.TO, SVM.N down ~2%

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P both down ~2%

(Reporting by Dharna Bafna in Bengaluru)

((dharna.bafna@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