BUZZ-Silver miners fall on strong dollar, delayed rate cut expectations
Reuters03-03 23:02
BUZZ-Silver miners fall on strong dollar, delayed rate cut expectations
Updates
** Shares of silver miners fall, tracking prices of the white metal GOL/
** Spot silver XAG= down 11.2% at $79.42/ounce
** Prices fall, weighed down by a stronger dollar and fading prospects for interest rate cuts as inflation concerns intensified against the backdrop of a potentially prolonged Middle East conflict
** Shares of miners Hecla HL.N and CoeurCDE.N down 14.1% and 13%, respectively
** Canadian miners Endeavour SilverEDR.TO and Silvercorp Metals SVM.TO dip 13.2% and 12.4%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust ETF SLV.P both down ~12%
(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))
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