BUZZ-Silver miners fall as investors book profits, Treasury yields rise
U.S.-listed shares of silver miners fall premarket as spot silver prices drop 1.6% to $57.01 per ounce due to rising U.S. Treasury yields and profit-booking. Hecla Mining and Coeur Mining both down ~3%, Canadian miners Endeavour Silver down 4.3% and Silvercorp Metals down 3.4%. Abrdn Physical Silver Shares ETF and iShares Silver Trust both down 1.6%.
U.S.-listed shares of silver miners fall premarket, tracking prices of the white metal (GOL/)
Spot silver (XAG=) falls 1.6% at $57.01 per ounce, after hitting an all-time high of $58.83 on Monday. The white metal has risen over 97% so far this year, bolstered by industrial demand
Prices fall due to rising U.S. Treasury yields and profit-booking following a record high in the previous session
Hecla Mining (HL.N) and Coeur Mining (CDE.N) both down ~3%
Canadian miners Endeavour Silver (EDR.TO) (EXK.N) down 4.3% and Silvercorp Metals (SVM.TO) (SVM.N) down 3.4%
Abrdn Physical Silver Shares ETF (SIVR.P) and iShares Silver Trust (SLV.P) both down 1.6%
