BUZZ-Silver miners gain as metal prices edge up on softer US dollar

Reuters03-04 23:07
BUZZ-Silver miners gain as metal prices edge up on softer US dollar

Updates

** Shares of silver miners gain, tracking higher prices of the metal GOL/

** Spot silver XAG= up ~2% at $83.56/ounce, after falling more than 8% in the previous session, as the escalating conflict in the Middle East attracted safe‑haven bids, while a pause in the U.S. dollar's rally also lent support

** Hecla Mining HL.N up 1.5% and Coeur Mining CDE.N rises marginally

** Canadian miners Endeavour Silver EDR.TO up 3.5%, Silvercorp Metals SVM.TO up 1.7% and Wheaton Precious Metals WPM.TO up 1.2%

** Abrdn Physical Silver Shares ETF SIVR.P gains 2.1% and iShares Silver Trust SLV.P adds ~2%

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

At the request of the copyright holder, you need to log in to view this content

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