BUZZ-Silver miners plunge as metal prices drop due to dollar strength

Reuters01-07
BUZZ-Silver miners plunge as metal prices drop due to dollar strength

Updates

** Shares of silver miners fall, tracking a dip in the white metal's prices GOL/

** Spot silver XAG= falls 4.8% to $77.25 per ounce

** Prices fall as investors book profits and the dollar strengthened ahead of key U.S. jobs data due this week

** Hecla Mining HL.N down 10.5% and Coeur Mining CDE.N down 6.3%

** Canadian miners: Endeavour Silver EDR.TO down 9.3%; Silvercorp Metals SVM.TO down 6.6%

** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down 5.2%

(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