BUZZ-Silver miners fall on expectations of tighter policy from central banks
Reuters03-19 21:54
BUZZ-Silver miners fall on expectations of tighter policy from central banks
Updates
** Shares of silver miners fall, tracking prices of the white metal GOL/
** Spot silver XAG= down 10.3% at $67.54/ounce
** Prices fall as Middle East conflict increased energy prices and ignited inflation concerns, raising expectations that top central banks will keep borrowing costs elevated
** Shares of miners Hecla HL.N and CoeurCDE.N down 12% and 10.6%, respectively
** Canadian miners Endeavour SilverEDR.TO and Silvercorp Metals SVM.TO dip 13.4% and 12.5%, respectively
** Abrdn Physical Silver Shares ETF SIVR.P and iShares Silver Trust SLV.P both plunge ~11%
(Reporting by Dharna Bafna in Bengaluru)
((dharna.bafna@thomsonreuters.com))
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